fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/GBP  Mon Dec 09, 2013 8:50 am | |
|  Technical Analysis for EUR/GBP The EURGBP extended the rebound of the 127.1 extension level towards 0.8380 horizontal resistance level, supported by the bullish divergence on RSI. We may see a downside pullback from this resistance, however the rebound may extend further towards the top of the falling wedge shown on the daily chart above. Support: 0.8345, 0.8320, 0.8300, 0.8275, 0.8250 Resistance: 0.8390, 0.8400, 0.8415, 0.8440, 0.8465 Recommendation Long above 0.8345, targets at 0.8380 and 0.8450. Stop loss below 0.8290 | |
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