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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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EUR/GBP - Edging Higher

EUR/GBP is going higher. Support can be found at 0.8923 (rising trendline). Another support is located at 0.8779 (06/10/2016 low). Expect to show continued upside pressure.

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 0.9500 psychological level.

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