fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Fri Jul 05, 2013 11:25 am | |
| Technical Analysis for EUR/GBP Although price spiked higher yesterday, the EURGBP retreated again and failed to settle above 0.8600 key resistance level, which was our confirmation level for further upside. We will continue to monitor price action around this level. Support: 0.8550, 0.8525, 0.8500, 0.8470, 0.8440 Resistance: 0.8600, 0.8635, 0.8650, 0.8675, 0.8700 Recommendation Based on the charts and expalantions above, we prefer to be neutral | |
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