Forex: EUR/GBP reversal from 0.9135 extends to 0.9060 low

Thu, Mar 11 2010, 11:32 GMT
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FXstreet.com (Barcelona) - The Euro is suffering under widespread Pound strength and Euro reversal from 0.9135 high on Wednesday has extended below 0.9100 to hit session low at 0.9060 and breking the upward-trending support line from Mar 5 low at 0.8980.

At the moment the pair trades at 0.9075 area, with immediate support at 0.9060 (Mar 10 low) and below here, 0.9045/50 (mar 9 low/Mar 5 high) and 0.898'0/95 (Mar 5/8 low).

On the upside, the Euro might ind resistance at 0.9100 (previous support), and above here, 0.9150 (Mar 1 high) and 0.9190.

EUR/GBP

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