Free Trial

Bullish Trend Continues.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Trend Continues
EURGBP has confirmed a bull flag continuation pattern that points to a re-test
of the recent highs at 0.8958 and major resistance at 0.8968. A further break
above here will open upside potential towards the upper end of the major
ascending channel, where the trendline resistance intervenes at the 0.8990
level. Bears need to break back below the bottom of the near-term ascending
channel, which comes in at 0.8880, to shift the short-term outlook back to
neutral, and a close below 0.8855 to turn the outlook bearish.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.