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EUR/GBP - Ready To Clear 0.8000

EUR/GBP – Ready To Clear 0.8000 - Mig Bank - Apr 14/16

EUR/GBP is trading below 0.8000. Yet, ongoing momentum is still lively. Hourly support can be found at 0.7925 (13/04/2016 low). Hourly resistances for a short-term bounce can be found at 0.8117 (07/04/2016 high).

In the long-term, the pair is currently recovering from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading well above its 200 DMA. Strong resistance can be found at 0.8815 (25/02/2013 high).

Daily Technical Report

 

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