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Intra-day trading signal for EUR/GBP by AceTrader :
Rate: 0.8910
Updating time : 06 Mar 2009 12:31 GMT
Although euro's retreat after rising to 0.8933
suggests consolidation is seen n a minor pullback
cannot be ruled out, reckon 0.8885/90 wud hold n
bring rebound but abv said res is needed to yield
stronger retrace. of decline fm 0.9010 twd 0.8951.
Reinstate long on dips with stop as indicated,
below aborts n risks re-test of y'day's 0.8853 low.
Range Forecast
0.8900 / 0.8930
Resistance/Support
R: 0.8940/0.8951/0.8996
S: 0.8889/0.8853/0.8830
Rate: 0.8910
Updating time : 06 Mar 2009 12:31 GMT
Although euro's retreat after rising to 0.8933
suggests consolidation is seen n a minor pullback
cannot be ruled out, reckon 0.8885/90 wud hold n
bring rebound but abv said res is needed to yield
stronger retrace. of decline fm 0.9010 twd 0.8951.
Reinstate long on dips with stop as indicated,
below aborts n risks re-test of y'day's 0.8853 low.
Range Forecast
0.8900 / 0.8930
Resistance/Support
R: 0.8940/0.8951/0.8996
S: 0.8889/0.8853/0.8830
