EUR/GBP Could Continue Higher To Resistance At .7900
Jason Sen | Mar 31, 2016 06:14AM ET
EUR/GBP could continue higher to resistance at 7900/10. This could be the limit of the recovery and bears could start to gain control again from here. Having failed to beat the 200dma for over a month, we could be seeing a longer-term topping process. However, other key prices today are February highs at 7928 and the March high at 7946. Only a weekly close above here tomorrow is positive.
Failure to beat 7900/10 targets minor support at 7875/71. Below here is more negative and targets 7558/55, then important short-term support at 7830/28. A break below here adds pressure to target good support at 7798/93.
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