• 320 days Could Crypto Overtake Traditional Investment?
  • 325 days Americans Still Quitting Jobs At Record Pace
  • 327 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 330 days Is The Dollar Too Strong?
  • 330 days Big Tech Disappoints Investors on Earnings Calls
  • 331 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 333 days China Is Quietly Trying To Distance Itself From Russia
  • 333 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 337 days Crypto Investors Won Big In 2021
  • 337 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 338 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 340 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 341 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 344 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 345 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 345 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 347 days Are NFTs About To Take Over Gaming?
  • 348 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 351 days What’s Causing Inflation In The United States?
  • 352 days Intel Joins Russian Exodus as Chip Shortage Digs In
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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