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HomeContributorsTechnical AnalysisEUR/GBP Additional Drops Expected

EUR/GBP Additional Drops Expected

MultiBank Exchange Group
By MultiBank Exchange Group

Price is trading in the red and seems poised to extend the sell-off. A breakdown through seems imminent after the retest of the upper median line (UML) and the 0.9226 horizontal resistance. A major drop will appear if the rate will close under the median line (ml) and if will come to retest it.

Price is trading in the red and seems poised to extend the sell-off. A breakdown through seems imminent after the retest of the upper median line (UML) and the 0.9226 horizontal resistance. A major drop will appear if the rate will close under the median line (ml) and if will come to retest it.

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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