HomeContributorsTechnical AnalysisEUR/GBP Strongly Bullish

EUR/GBP Strongly Bullish

Price goes higher and is targeting new high as the EUR is very strong on the short term. The European currency increased versus all its rivals in the last hours despite the lack of high impact data. Price is attracted by the upper median line (UML) of the major ascending pitchfork and by the 0.9226 static support. A valid breakdown will signal a further increase on the medium term.

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.

Featured Analysis

Learn Forex Trading