EUR/GBP (0.6734)
TRADING NEAR STRONG BASE...
(click on the charts for better view)
This pair is still looking weak, it got the stronger support at 0.6706 just 28 pips below. This support is not penetrated since July 2005. The question is will make or break the level of 0.6706. Break below the 0.6706 will lead to retest the level of 0.6604 (102 pips) and the Double Bottom price of 0.6542 (164 pips) which formed in April n June 2004. Above the 06706 the resistence comes at 0.6771/0.6822 and 0.6893.
TRADING NEAR STRONG BASE...
(click on the charts for better view)
This pair is still looking weak, it got the stronger support at 0.6706 just 28 pips below. This support is not penetrated since July 2005. The question is will make or break the level of 0.6706. Break below the 0.6706 will lead to retest the level of 0.6604 (102 pips) and the Double Bottom price of 0.6542 (164 pips) which formed in April n June 2004. Above the 06706 the resistence comes at 0.6771/0.6822 and 0.6893.
posted by Naveen Pantera at 5:49 PM
<< Home