fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Mon Oct 28, 2013 10:18 am | |
| Technical Analysis for EUR/GBP The price has retested the 200-days SMA and was rejected from the 50 percent retracement level for the overall bearish wave as shown on chart. Accordingly, so long as 0.8550 resistance level is holding a bearish attempt will remain likely. Support: 0.8530, 0.8500, 0.8465, 0.8425, 0.8400 Resistance: 0.8550, 0.8580, 0.8600, 0.8615, 0.8650 Recommendation Short below 0.8540, targets at 0.8500 and 0.8465. Stop loss with hourly closing above 0.8560 | |
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