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 Technical Analysis for EUR/GBP

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fxpulsation




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Join date : 2012-01-25

Technical Analysis for  EUR/GBP Empty
PostSubject: Technical Analysis for EUR/GBP   Technical Analysis for  EUR/GBP Icon_minitimeThu Jan 09, 2014 9:32 am

Technical Analysis for  EUR/GBP Instaforex_mb_760x151_en

Technical Analysis for EUR/GBP

EURGBP extended the bearish wave towards the main downside target at 0.8250, which is a key low and support level, where we prefer to see how price reacts to this level before suggesting a short term direction. Accordingly, we move to the sidelines awaiting confirmation.

Support: 0.8250, 0.8220, 0.8200, 0.8175, 0.8150
Resistance: 0.8270, 0.8285, 0.8300, 0.8318, 0.8330

Recommendation Neutral
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