Free Trial

Still Defying Gravity *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Still Defying Gravity
*RES 4: 0.9251 High Aug 15
*RES 3: 0.9195 High Aug 16
*RES 2: 0.9184 High Aug 20 2019
*RES 1: 0.9150 High Mar 16
*PRICE: 0.9109 @ 16:48 GMT Mar 17
*SUP 1: 0.9985 Low Mar 16
*SUP 2: 0.8844 Low Mar 13
*SUP 3: 0.8774 Low Mar 12
*SUP 4: 0.8681 Low Mar 10
EURGBP remains bullish. The late Feb-early-Mar break through 0.8596, Jan 14 high
confirmed an important swing in price that signalled a reversal. The cross early
Mar also held above this breakout level, a positive development and the
subsequent rally confirms the current bullish cycle. Trend conditions are in
overbought territory but not proving to be a threat to bulls just yet. The focus
is on 0.9195 next. The cross is also approaching the major range top at 0.9300.

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.