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EUR/GBP Downside Uncertain

MultiBank Exchange Group
By MultiBank Exchange Group

EUR/GBP posted humble gains today and still could drop in the upcoming days. Is trading in the green and tries to recover after the yesterday’s drop. Technically, it should drop after the retest of the median line (ML) of the ascending pitchfork.

Only a valid breakout above the median line (ML) and above the 0.9000 psychological level will announce a further increase towards the 0.9226 static resistance.

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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