The Traderszone Network

Published in TZ Latest News 4 August, 2016 by The TZ Newswire Staff

Forex technical analysis: EURGBP surges after BOE stimulus

Looks to test key resistance target
The EURGBP has surged on the back of the BOE stimulus measures as well. The pair has moved up toward a key area defined by lows and highs post Brexit. That area comes in at the 0.8484-91 area (see chart below).  Look for reluctance against the area on a test with stops on a break above.