EUR/GBP drops to 2-year lows.
Conservative Boris Johnson is leading in the UK election according to opinion polls with 43%, Labour Jeremy Corbyn is behind with 33%.
The UK will head to the polls next Thursday December 12th. On the same day we also have the release of ECB Interest Rate, the first since Christine Lagarde became president.
EUR/GBP on a Daily TF dropped to 0.84302, the lowest since May 2017. The price broke out of a bearish range it’s been in since mid-October.
MACD signal cross is accompanied by a bearish histogram. DMI is registering a strong bearish trend.
Resistance: R1 0.84882, R2 0.85252, R3 0.85611.
Support: Once the pair breaks below 0.84302: S1 0.83820, S2 0.83312.
The UK will head to the polls next Thursday December 12th. On the same day we also have the release of ECB Interest Rate, the first since Christine Lagarde became president.
EUR/GBP on a Daily TF dropped to 0.84302, the lowest since May 2017. The price broke out of a bearish range it’s been in since mid-October.
MACD signal cross is accompanied by a bearish histogram. DMI is registering a strong bearish trend.
Resistance: R1 0.84882, R2 0.85252, R3 0.85611.
Support: Once the pair breaks below 0.84302: S1 0.83820, S2 0.83312.
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