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    EUR/GBP Crucial Breakout

    MultiBank Exchange Group
    By MultiBank Exchange Group

    EUR/GBP has managed to break through the confluence area formed at the intersection between the upper median line (UML) of the ascending pitchfork with the 0.9226 long term resistance. Breakout still needs confirmation, a retest of the broken levels will attract more buyers, which should lead the rate towards the fourth warning line (wl4).

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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