important events for EURGBP : Bank of England Governor Carney Speaks
• EUR/GBP has broken the key supports 0.8450
(31/12/2016 low). The short-term technical
structure is negative as long as the hourly
resistance at 0.8596 holds. Another resistance
can be found at 0.864. 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
• EUR/GBP has broken the key supports 0.8450
(31/12/2016 low). The short-term technical
structure is negative as long as the hourly
resistance at 0.8596 holds. Another resistance
can be found at 0.864. 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
Trade active
Trade closed: target reached
