EUR/GBP - Euro British Pound, European Session - 13/05/08
0,7945. EUR GBP is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should continue to move in 0,7900 / 0,7970 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,7960 - 0,7970
- Supports
- 0,7930 - 0,7900
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