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Late Risk Appetite Gathers Momentum


Fresh Bear Cycle Low


Fiscal Tightening And Yield Curves


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  • RES 4: 0.9176 High Jun 29 and the key bull trigger
  • RES 3: 0.9148 High Jul 27
  • RES 2: 0.9087 High Jul 29
  • RES 1: 0.9070 High Aug 17
  • PRICE: 0.9018 @ 16:40 BST Aug 18
  • SUP 1: 0.9001 Low Aug 14 and the key near-term support
  • SUP 2: 0.8938 Low Jul 10
  • SUP 3: 0.8938 Low Jul 10
  • SUP 4: 0.8927 100-dma

Following last week's recovery, EURGBP traded higher Monday and managed to probe resistance at 0.9059, Aug 5 high. A clear break together with some follow through is still required though to signal scope for a stronger move higher opening 0.9087, Jul 29 high ahead of key resistance levels at 0.9148, Jul 27 high and 0.9176, Jun 29 high. Key support remains 0.8970 Aug 11 low where a break would instead threaten a deeper pullback.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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