EUR/GBP Technical Analysis (Euro / British Pound)

I advise traders to trade only long positions as far as the price is above 0.86.
A return above 0.8650 will strengthen this bullish sentiment.
A break of 0.87 will give a new buy signal for an extension bullish movement towards 0.88 or higher if this level is also broken.

In case of return below 0.86,  then I will advise traders to wait a break of 0.8550 (breakout of the short term bullish slant) before trading short positions.
Full analysis

Analysis published by Bruno, the 02/04/2013 at 11h00 GMT+2