• 1,133 days Will The ECB Continue To Hike Rates?
  • 1,133 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,135 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,535 days Could Crypto Overtake Traditional Investment?
  • 1,540 days Americans Still Quitting Jobs At Record Pace
  • 1,542 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,545 days Is The Dollar Too Strong?
  • 1,545 days Big Tech Disappoints Investors on Earnings Calls
  • 1,546 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,547 days China Is Quietly Trying To Distance Itself From Russia
  • 1,548 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,552 days Crypto Investors Won Big In 2021
  • 1,552 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,553 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,555 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,556 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,559 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,560 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,560 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,562 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

EUR/GBP - Continued Short-Term Bullish Momentum

EUR/GBP continues its increase after breaking the symmetrical triangle. Hourly resistance given at 0.8545 (14/09/2016 high) has been broken. Key resistance lies at 0.8725 (16/08/2016 high) while hourly support can be found at 0.8535 (19/09/2016 low). The pair is still holding around 0.8500. Expected to bounce back lower.

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

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment