fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/GBP  Tue Sep 03, 2013 9:42 am | |
|  Technical Analysis for EUR/GBP The pair extends the downside move, breaking below the 200-days SMA and the main ascending trend line shown on chart, in addition to 0.8465 horizontal support, the break remains tentative though. We would like to see a daily closing below this support area to confirm it, and suggest a more prolonged bearish trend. We will wait to the U.S. session update to see if price manages to hold below 0.8465 support before suggesting an intraday scenario. Support: 0.8430, 0.8395, 0.8360, 0.8320, 0.8300 Resistance: 0.8470, 0.8500, 0.8440, 0.8580, 0.8620 Recommendation Neutral | |
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