EUR/GBP Update – 18/12/2017 (09:30am) – by Arjun Lakhanpal

EUR/GBP Update – 18/12/2017 (09:30am): EUR/GBP recovered last week following its recent failure to register a weekly close below its 55 week ma at .8744. Near term rallies should find decent resistance at .8871 55 day ma and then the .8913 resistance line. It recently sold off to the 61.8% retracement of the move seen this year at .8697. A close below here targets the .8530/78.6% retracement of the move seen this year.