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EUR/GBP - Euro British Pound

EUR/GBP - Euro British Pound

Short term (Intraday)

0,8157. EUR GBP is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,8190 - 0,8200
Supports
0,8155 - 0,8125
updated 04 sept 2008 06:13 GMT +02:00

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