Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Uptrend remains intact: *RES 4:.......>

EURO-STERLING: Uptrend remains intact:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8990/92 High Jul 3 / High Jun 28
*PRICE: 0.8964 @ 04:21 GMT Jul 9
*SUP 1: 0.8934/21 21-dma / Low Jul 2 and key near-term support
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8851 Low Jun 7
*SUP 4: 0.8837/30 100-wma / Low Jun 6
EURGBP uptrend remains intact with the focus still on the psychological 0.9000
barrier, a level that has so far proved hard to overcome. The underlying bullish
conditions remain intact with a break above the trend high of 0.8992 needed to
expose 0.9000. A move above 0.8992 and 0.9000 together would confirm a
resumption of the uptrend and target the Jan 11 high of 0.9062. The Jul 2 low
represents important short-term support at 0.8921.

To read the full story

Why Subscribe to


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.