• 665 days Will The ECB Continue To Hike Rates?
  • 665 days Forbes: Aramco Remains Largest Company In The Middle East
  • 667 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,067 days Could Crypto Overtake Traditional Investment?
  • 1,072 days Americans Still Quitting Jobs At Record Pace
  • 1,074 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,077 days Is The Dollar Too Strong?
  • 1,077 days Big Tech Disappoints Investors on Earnings Calls
  • 1,078 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,080 days China Is Quietly Trying To Distance Itself From Russia
  • 1,080 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,084 days Crypto Investors Won Big In 2021
  • 1,084 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,085 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,087 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,088 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,091 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,092 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,092 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,094 days Are NFTs About To Take Over Gaming?
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…

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…

  1. Home
  2. Markets
  3. Other

EURGBP - Consolidating After Sharp Decline

EUR/GBP is consolidating following sharp fall. Hourly resistance is given at 0.8591 (05/04/2017 high). Strong resistance is given at 0.8787 (13/03/2017 high). Hourly support can be found at 0.8484 (31/03/2017 low). Expected to show continued weakness.

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