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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/GBP - Slow Increase

EUR/GBP's bullish pressures are increasing and the pair has reached 0.8400. Hourly support area is given from 0.8333 (former support 06/09/2016 low) and 0.8304 (05/12/2016 low) while hourly resistance can be found at 0.8426 (16/12/2016 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

 

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