The sterling advanced until it arrived at 0.9029. Since then, the euro managed to gather strength to take the pair to the gates of the 0.91 pounds per euro resistance. Breaking this level would take the pair back to test the 0.9155 resistance, where there is a double top marked in the last couple of days. On the other hand, not breaking these two resistances would prompt the sterling to lose last week's low and get to 0.90 pounds per euro.
Join the Discussion