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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 - Support At 0.8450 Is At Stake

EUR/GBP has reversed very quickly since the pair reached hourly resistance is given at 0.8645 (31/01/2017 high) while support is given at 0.8450 (03/01/2016 low). The road is wide open towards support at 0.8304 (05/12/2016) if resistance at 0.8645 holds.

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 above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.

Daily Technical Report

 

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