EUR/GBP - Euro British Pound, American Session - 27/03/08
0,7826. EUR GBP is in a range between 0,7750 and 0,7900. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 0,7750 / 0,7900 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,7860 - 0,7900
- Supports
- 0,7815 - 0,7750
This entry was posted on Thursday, March 27th, 2008 at 14:30 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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