EUR/GBP Weekly Candlestick Chart. 0.8900 region working well as support now but for how much longer? The 0.9020 region is resistance now with 0.9080 above that as stronger resistance.
The engulfing candlestick on the weekly chart keeps the pressure on the downside with attempts higher towards 0.9050/80 (if seen) as opportunities to enter shorts for lower levels in coming weeks.
Bias remains to the downside with 0.8850 the 55 week simple moving average as target in coming sessions.
Weekly Technical Chart
EURGBP Weekly Technical Chart
Tue, Nov 10 2009, 10:18 GMT
by
Gareth Burgess
- Chart-Workshop
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