• 887 days Will The ECB Continue To Hike Rates?
  • 887 days Forbes: Aramco Remains Largest Company In The Middle East
  • 889 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,289 days Could Crypto Overtake Traditional Investment?
  • 1,294 days Americans Still Quitting Jobs At Record Pace
  • 1,296 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,299 days Is The Dollar Too Strong?
  • 1,299 days Big Tech Disappoints Investors on Earnings Calls
  • 1,300 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,302 days China Is Quietly Trying To Distance Itself From Russia
  • 1,302 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,306 days Crypto Investors Won Big In 2021
  • 1,306 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,307 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,309 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,310 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,313 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,314 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,314 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,316 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EUR/GBP - Bouncing Within Uptrend Channel

EUR/GBP is bouncing on and off within an uptrend channel. Hourly support is given at 0.8880 (21/10/2016 low) while resistance is given at 0.9047 (30/10/2016 high).

In the long-term, the pair has largely recovered 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.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment