EURGBP another bulls attempt to break resistance

Tue, Feb 9 2010, 08:57 GMT
by Tomas Cedavicius


AUDUSD - Possible breakout by resistance level, bears are in danger above resistance. Waiting action remains for now.

EURUSD - Bulls are heading towards new highs by breaking resistance, however a breakout confirmation is needed in order to look for trend reversal point. Waiting is better option for now.

EURGBP - Another bulls attempt to slide above resistance level is not successful yet. If breakout is not confirmed, a rebound is expected back to support level.

NZDUSD - Further bouncing between support and resistance levels is expected

USDCAD - Wide trading range continues, erratic situation. Waiting action holds for now.