fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Wed Sep 04, 2013 10:16 am | |
| Technical Analysis for EUR/GBP The pair maintained stability below the 200-days SMA and the main ascending trend line, and that favors further downside within the upcoming sessions. We may see an upside pullback as momentum indicators are showing strong oversold signals over the four-hour and lower time intervals. Support: 0.8430, 0.8395, 0.8360, 0.8320, 0.8300 Resistance: 0.8470, 0.8500, 0.8540, 0.8580, 0.8620 Recommendation Short below 0.8500, targets at 0.8430,0.8395 and 0.8360. Invalidation above 0.8550 | |
|