fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Tue Mar 19, 2013 9:27 am | |
| Technical Analysis for EUR/GBP The pair pushed higher, retesting 0.8570 resistance and neckline for the double top pattern shown on image , and currently attempting to resume the bearish bias, which we expect to remain dominant so long as 0.8610-8615 level is intact. Support: 0.8535, 0.8515, 0.8495, 0.8470, 0.8445 Resistance: 0.8575, 0.8600, 0.8630, 0.8660, 0.8700 Recommendation Based on the charts and explanations above, we prefer to short the pair below 0.8570 targeting 0.8520 and 0.8450. Stop loss above 0.8615. | |
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