fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Tue Jul 16, 2013 2:25 pm | |
| Technical Analysis for EUR/GBP The pair maintains the slow bullish bias, where the overall configuration continues to be positive after breaking the main descending resistance shown above. 0.8700-level is the key resistance to montior next. Support: 0.8630, 0.8600, 0.8575, 0.8550, 0.8525 Resistance: 0.8675, 0.8700, 0.8740, 0.8775, 0.8800 Recommendation Based on the explanations above, we prefer to long the pair above 0.8625 targeting 0.8675 and 0.8740. Stop loss below 0.8575 | |
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