• 610 days Will The ECB Continue To Hike Rates?
  • 610 days Forbes: Aramco Remains Largest Company In The Middle East
  • 612 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,012 days Could Crypto Overtake Traditional Investment?
  • 1,017 days Americans Still Quitting Jobs At Record Pace
  • 1,019 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,022 days Is The Dollar Too Strong?
  • 1,022 days Big Tech Disappoints Investors on Earnings Calls
  • 1,023 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,025 days China Is Quietly Trying To Distance Itself From Russia
  • 1,025 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,029 days Crypto Investors Won Big In 2021
  • 1,029 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,030 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,032 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,033 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,036 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,037 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,037 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,039 days Are NFTs About To Take Over Gaming?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

EUR/GBP - Continued Weakness But...

EUR/GBP is correcting lower. Yet there is the formation of a bullish flag which suggests reversal of current weakness targeting 0.9000. Key resistance is given at 0.8854 (15/01/2017 high) and other resistance can be found at 0.8787 (13/03/20167 high). Support is located at 0.8645( 05/02/2017 low).

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