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 Technical Analysis for EUR/GBP

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Join date : 2012-01-25

Technical Analysis for EUR/GBP Empty
PostSubject: Technical Analysis for EUR/GBP   Technical Analysis for EUR/GBP Icon_minitimeFri Sep 13, 2013 8:57 am

Technical Analysis for EUR/GBP Instaforex_mb_760x151_en

Technical Analysis for EUR/GBP

For the whole week, the pair has been trading within a 50-pip narrow range, pushing towards the key neckline for the double top pattern at 0.8400, a break below the level seems imminent, however we prefer waiting for a decisive break and stability below it to confirm further downside.

Support: 0.8400, 0.8360, 0.8320, 0.8300, 0.8275
Resistance: 0.8420, 0.8450, 0.8470, 0.8500, 0.8540

Recommendation Neutral
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