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EURGBP How High?

by Ashraf Laidi
Feb 12, 2009 12:30 | 2 Comments

EURGBP How High? - EURGBP Feb 12 (Chart 1)

EURGBP enters 4th consecutive daily gain supported by a bullish moving average cross-over as the 5-day MA regains the 10-day MA on its way to cross above 15-day MA, nearing interim pressure at 0.9130, but more challenging obstacles stand at 0.92 and 0.9350. Friday's release of German and Eurozone Q1 GDP may slowdown the pace of gains in event of weak report but GBP fundamentals warrant continued paring of recent EURGBP losses. TL support remains intact at 0.88.

 

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Comments (Showing latest 2 of 2) View All Comments
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Feb 13, 2009 15:11
Francis,

I see near term recovery extending to 0.9350s but likely to end at 0.91-0.90 in 3-4 weeks.

Ashraf
francis
GuangZhou, China
Posted Anonymously
16 years ago
Feb 13, 2009 5:04
Hi Ashraf

very happy to entry Hot-Chart, What do you think EUR/GBP Tendency then?

from 0.8660 Rise extension May see any price about future one month.

In the short-term tests 38.2 Resistance To be whether reliable you to think?

Thanks.
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