EUR/GBP loses ground, and slowly approaches hourly support at 0.8774 (11/12/2017 low). Hourly resistance at 0.8846 (12/12/2017 high) is distanced. The technical structure suggests further short-term downward moves.
In the long-term, the pair has largely recovered from 2015 lows. The technical structure suggests further upside pressure. Strong resistance can be found at 0.9500 (psychological level) while support remains at 0.8304 (05/12/2016 low). The pair is trading below its 200 DMA.
. Hourly resistance at 0.8846 (12/12/2017 high) is distanced. The technical structure suggests further short-term downward moves.){kind=link}