EUR/GBP Technical Analysis

The pair is moving within a downward trend.

Technical Analysis
21 sept. 2017
EUR/GBP Technical Analysis

At this moment the pair is trading in a down trend, slowing down near its resistance levels. We can also note that against the backdrop of strong data, the pair can quickly overcome the nearby resistance levels, as it happened after the press conference of the Bank of England, against which the pound sharply increased its quotes.

Today at 4.30 pm (GMT +3), ECB President Mario Draghi is expected to speak at a press conference. It is necessary to closely monitor the investor sentiment, as many feel that the euro will be pressured and our pair will continue the downward movement.

Our advice for you is to set medium goals and small stop-loss orders.

Support and resistance levels:

0.8880

0.8825

0.8780

0.8715

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CAD/JPY Technical Analysis

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EUR/USD Technical Overview & Daily Chart

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Amid news of the Fed meeting and elections in Germany, the pair is somewhat more volatile than usual.

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