• 703 days Will The ECB Continue To Hike Rates?
  • 703 days Forbes: Aramco Remains Largest Company In The Middle East
  • 705 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,105 days Could Crypto Overtake Traditional Investment?
  • 1,110 days Americans Still Quitting Jobs At Record Pace
  • 1,112 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,115 days Is The Dollar Too Strong?
  • 1,115 days Big Tech Disappoints Investors on Earnings Calls
  • 1,116 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,118 days China Is Quietly Trying To Distance Itself From Russia
  • 1,118 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,122 days Crypto Investors Won Big In 2021
  • 1,122 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,123 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,125 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,126 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,129 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,130 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,130 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,132 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

EUR/GBP - Breaking Resistance At 0.8707

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.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment