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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…

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EUR/GBP - Lack Of Follow-Through

EUR/GBP's medium-term momentum seemed to have ended but is now reborn. Hourly resistance can be found at 0.7905 (06/05/2016 high) while hourly support can be found at 0.7720 (03/06/2016 low). Expected to show further weakness towards support at 0.7720.

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 very close from its 200 DMA. Strong resistance can be found at 0.8815 (25/02/2013 high).

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