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).
