Selling pressures are weak.
(Yann Quelenn )
• EUR/GBP is trading around its highest levels of
the year. The pair is consolidating. Hourly
support is given at a distance at 0.8742
(16/06/2017 low). Downside risks are nonetheless
important.
• 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.
