• 321 days Will The ECB Continue To Hike Rates?
  • 322 days Forbes: Aramco Remains Largest Company In The Middle East
  • 323 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 723 days Could Crypto Overtake Traditional Investment?
  • 728 days Americans Still Quitting Jobs At Record Pace
  • 730 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 733 days Is The Dollar Too Strong?
  • 733 days Big Tech Disappoints Investors on Earnings Calls
  • 734 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 736 days China Is Quietly Trying To Distance Itself From Russia
  • 736 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 740 days Crypto Investors Won Big In 2021
  • 740 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 741 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 743 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 744 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 747 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 748 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 748 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 750 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  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