fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Fri Aug 30, 2013 11:06 am | |
| Technical Analysis for EUR/GBP The pair extends the bearish bias below 0.8540 support, and may continue to drift lower towards 0.8500 next key low, and probably towards the long term 200-days SMA, whcih is around 0.8465 major low as well. Overall, the bearish scenario remains favored. Support: 0.8500, 0.8470, 0.8430, 0.84000, 0.8380 Resistance: 0.8540, 0.8580, 0.8620, 0.8675, 0.8700 Recommendation Short below 0.8550, targets at 0.8500 and 0.8465. Invalidation above 0.8600 | |
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