"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,867.70 | -0.30 | -0.02% |
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Platinum •15 mins | 1,217.90 | -7.40 | -0.60% |
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WTI Crude •12 mins | 64.69 | -1.58 | -2.38% |
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Gasoline •20 mins | 2.139 | -0.022 | -1.03% |
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Ethanol •4 hours | 2.340 | +0.000 | +0.00% |
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Silver •15 mins | 28.08 | -0.25 | -0.89% |
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Silver • 15 mins | 28.08 | -0.25 | -0.89% | |
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Copper • 15 mins | 4.690 | -0.036 | -0.75% | |
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Brent Crude • 10 mins | 68.06 | -0.65 | -0.95% | |
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Natural Gas • 10 mins | 2.992 | -0.117 | -3.76% | |
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Heating Oil • 17 mins | 2.039 | -0.022 | -1.04% |
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EUR/GBP has pushed higher towards strong resistance at 0.8707 (18/01/2017 high) which has been broken. We rule out further weakness towards supports given at 0.8450 (03/01/2016 low) and at 0.8304 (05/12/2016). Expected to pause below resistance at 0.8707.
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.
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