fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/GBP Thu Oct 24, 2013 9:51 am | |
| Technical Analysis for EUR/GBP After a minor pullback, the pair is pushing back towards the 61.8 retracement level at 0.8530, as the recent bullish wave continues to be intact. Thus, the bullish scenario remains favored, and a break above the aforementioned resistance should confirm further upside. Support: 0.8500, 0.8465, 0.8425, 0.8400, 0.8380 Resistance: 0.8530, 0.8580, 0.8600, 0.8615, 0.8650 Recommendation Long above 0.8500, targets at 0.8530,0.8550 and 0.8580. Stop loss below 0.8460 | |
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