(08 JANUARY 2018)EUR / GBP:Sideways price action.

(08 JANUARY 2018)EUR / GBP:Sideways price action.

8 January 2018, 13:26
Jiming Huang
0
15

eg


Sideways price action.

(Yann Quelenn)

• EUR/GBP is trading mixed. The pair is trading

between support at 0.8689 (08/12/2017 low) and

resistance is located at 0.9046 (14/09/2017 high).

Expected to show further sideways trading.

• In the long-term, the pair has largely recovered

from recent lows in 2015. The technical structure

suggests a growing upside momentum. The pair

is trading above from its 200 DMA. Strong

resistance can be found at 0.9500 (psychological

level). 

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