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EUR/GBP - Continued Increase

EUR/GBP keeps on increase on the Brexit results. Hourly resistance can be found at 0.8310 (24/06/2016 high) while hourly support is located at 0.7681 (24/06/2016 low). The pair should now continue increase.

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 now trading far away from its 200 DMA. Strong resistance can be found at 0.8815 (25/02/2013 high).

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