EUR/GBP Technical Analysis


(0,8403) EUR/GBP confirmed the previous day’s closing after having formed an outside day with 0,8450 – 0,8355 the levels to follow in the coming hours. Only a daily closing below 0,8355 will support a deeper correction!! The indicators of the daily chart are still well positive but also still well overbought and showing potential negative reversals; those of the s/t ones are negative supporting further weakness. The cross dropped below a s/t support line, that it retested at 0,8417 where it formed a small double top. While below 0,8417 we expect a firm move lower suggesting a retest of the 0,8365 support area, yesterday’s low, before the 200 hours line, now found at 0,8341. We stay short for this drop.

Click here to read the full report: EURGBP 01.23


Future Trend Research

categories Technical Analysis | January 23, 2013 |

categories EUR/GBP

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