0,7857. EUR GBP broke 0,7835 resistance. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should continue to move in 0,7765 / 0,7880 range. We won't take a position. The risk/reward ratio is too high to take a position..

updated 05 mai 2008 13:34 GMT +02:00