EUR/GBP drops to 0.9103, down 0.13% intraday, while heading into the European session on Wednesday. The pair surged to the highest since last Thursday but bearish MACD dragged the quote downwards from 0.9119. Even if the buyers manage to cross the 0.9120 immediate resistance, a falling trend line from September 11, currently around 0.9125, will restrict the EUR/GBP run-up towards the monthly peak of 0.9155.
It should, however, be noted that the bulls’ dominance past-0.9155 will not hesitate to challenge the last month’s high of 0.9291. Though, September 23 top close to 0.9220 can offer an intermediate halt during the rise.
Reprinted from toolstrades，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now