EUR/GBP is trading around its highest levels of the year. Hourly resistance at 0.9415 (07/10/2017 high) has been broken. Hourly support is given at a distance at 0.8742 (16/06/2017 low). Downside risks are nonetheless important.
In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.
