"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 54 mins Japan Scrambles To Dodge Trump’s Trade War
  • 16 hours Big Banks Double Down On Crypto Ambitions
  • 17 hours Investor Debt Outpaces S&P 500 Growth
  • 18 hours Will Bitcoin Ever Dethrone Gold?
  • 19 hours China's Orwellian Social Media Machine
  • 20 hours What Sparked Russia’s Gold Buying Spree?
  • 22 hours The War For "White Petroleum"
  • 23 hours Stock Market Bulls Are Running Out Of Steam
  • 1 day Crypto Stocks Poised To Bounce Back
  • 2 days The Five Biggest Bubbles In Stock Market History
  • 2 days Was Finland’s Universal Basic Income Program A Failure?
  • 2 days China Goes Long On Gold
  • 2 days Is It Wise To Trade The Trump Effect?
  • 2 days The Tech That Telecom Giants Fear Most
  • 2 days China’s EV Industry Is Booming
  • 2 days How Will Gold React As North Korean Tensions Cool?
  • 2 days Is This The Biggest Mining Opportunity Of 2018?
  • 3 days China’s $33 Trillion Finance Industry Opens To Foreign Investment
  • 3 days Is Bitcoin Cash Overbought?
  • 3 days Financial Sector Reports Record Profits
MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

EUR/GBP: The Growing Bearish Momentum Has Crushed The Long-Term Rising Trendline

EUR/GBP has broken its long-term rising trendline, confirming an increasing bearish momentum. The support at 0.8470 (12/06/2013 low) is challenged. An hourly resistance stands at 0.8553 (30/08/2013 high).

As long as prices remain below the resistance at 0.8652, the technical configuration since the annual high at 0.8815 is viewed as a part of a larger corrective phase which should eventually decline towards the 0.8411-0.8398 (26/04/2013 low) region and possibly even lower.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment