EUR/GBP - Euro British Pound, European Session - 29/02/08
0,7639. EUR GBP is in an uptrend supported by 1H exponential moving averages. 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, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should find a support above 0,7630. The uptrend should continue to gather momentum. The target is expected at 0,7725.
- Resistances
- 0,7645 - 0,7665
- Supports
- 0,7630 - 0,7610
Source : EUR GBP
This entry was posted on Friday, February 29th, 2008 at 6:48 and is filed under EUR GBP. 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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