07.10 - EUR/GBP prints mild losses after refreshing one week high
- by George Solotarov
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.