fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/GBP  Wed Mar 27, 2013 8:35 am | |
| Technical Analysis for EUR/GBP The EURGBP is fluctuating above the major support at 0.8445, while RSI continues to show a bullish divergence over the four hour interval. Although we remain generally bearish, but we may see an correctional bounce but should be limited below 0.8600 level. On the other hand, a break and stability below 0.8445 will negate any potential correction . Support: 0.8445, 0.8390, 0.8365, 0.8350, 0.8325 Resistance: 0.8485, 0.8510, 0.8555, 0.8575, 0.8600 Recommendation Based on the charts and explanations above, we refer to long the pair above 0.8450 targeting 0.8500 and 0.8550. Stop loss below 0.8420.  | |
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