EUR/GBP Technical Analysis (Euro / British Pound)
February 6, 2013 2:22 AM EST
|EUR/GBP : Breakout of the bullish slant|
--- Follow up analysis ---
I advise traders to remain flat on the pair as far as the price will be between 0.8550 and 0.86.
- Long is 0.86 is broken up. The upward breaks of 0.8650 and 0.87 would then offer new buy signals for an extension of the bullish movement.
- Short is 0.8550 is broken. The price should also validated the break out of its short term bullish slant. A break of 0.85 would give a new sell signal for an extension of the downtrend.
Analysis published by Bruno, the 02/05/2013 at 10h30 GMT+2
Most Popular Slideshows
For more reports, go to Forextribe
Join the Conversation
Most Popular on Forex
Most Popular on IBTimes
© Copyright 2014 International Business Times AU. All Rights Reserved.