Tuesday, February 8, 2011

Forex news EUR / GBP:Cross rate is slowly recovering after falling in the area of a three-week lows

Exchange rate still lies below the moving averages with periods of 144, 34, 89 and 55, which are the next resistance level 0.8460, 0.8480 and 0.8520/30.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy EUR / GBP.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line rises above the% D.
Therefore, we expect that the growth of EUR / GBP will continue, while potential targets are located on the bulls 0.8480, 0.8500/10 and 0.8530.
Resistance levels: 0.8460, 0.8480, 0.8500/10, 0.8530
Current Price: 0.8444
Support levels: 0.8420, 0.8400, 0.8380, 0.8340, 0.8300

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