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EUR/GBP - Stalling

EUR/GBP is now stalling below 0.84. Hourly resistance can be found at 0.8379 (27/06/2016 high) while hourly support is located far away at 0.7681 (24/06/2016 low). Expected to further consolidate.

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).

Daily Technical Report

 

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