Tuesday, February 26, 2013

EURGBP Bulls Rejection

1361848552-clip-39kb


The very extensive bullish run of the eurgbp may have come to an end as price was vigorously rejected by the end of trading today. This point had marked a very significant resistance level. My expectation is for price to proceed lower into support areas around 0.8160 if it manages to break through near term support at 0.8450

No comments: