• 5 days 3 Restaurant Stocks In Full Recovery Mode
  • 5 days Bitcoin Is Driven By Testosterone
  • 10 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 11 days How To Invest In The Cybersecurity Boom
  • 13 days Investors Are Patient With Unprofitable Giants
  • 15 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 17 days 5 Stocks To Keep A Close Eye On This Year
  • 18 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 19 days Central America Is Ready For The Bitcoin Hustle
  • 21 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 22 days Top Performing Stocks As Inflation Fears Grow
  • 23 days US Airline Stocks Take A Beating On New EU Restrictions
  • 24 days This IPO Could Open Sustainable Fashion Floodgates
  • 25 days Crypto Crime Nets Another $2B Fraudster
  • 27 days This Week’s Hottest Meme Stocks
  • 28 days Why World Markets Should Be Watching Germany Closely
  • 30 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 32 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 34 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 35 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  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