fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/GBP  Thu Mar 06, 2014 10:32 am | |
|  Technical Analysis for EUR/GBP The pair is trading within a tight range, gradually moving towards the Falling Wedge support at 0.8180. The upside move remains valid over short-term basis depending on stability above the main support at 0.8160 eying 0.8285-0.8295 attempting to breach higher toward 0.8410 then 0.8500. The pair should trade sideways to gather enough momentum to move to the upside. Support: 0.8180, 0.8160, 0.8095, 0.8005, 0.7950 Resistance: 0.8285, 0.8320, 0.8410, 0.8465, 0.8500 Recommendation The outlook is positive for EURGBP above 0.8185 and the intraday risk-limit is below 0.8160 | |
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