-
MIG Bank - Daily Technical Report
EUR/USD saw a minor break under daily channel support last week that failed to garner momentum. We would thus view a push back over 1.2444 as being a short-term bullish signal and have hence moved our stop to rest just above the recent high at 1.2444. • A retest of this area is now under way, where strong resistance is expected. • GBP/USD remains under the positive influence of its succession of higher lows that started on 12 July. Monitor the new test of the resistance at 1.5793. • GBP/USD has been largely range bound for the last two months. We remain biased to the downside in line with our general view on ... (full story)