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Technicals

Technical analysis for crosses(EUR/GBP)-3/24/2008

24 Mar, 2008 @ 04:13 am EST
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(EUR/GBP)

The Euro dropped heavily last week against the Pound in a correctional wave, the short term technical indicators though are showing an upside potential even if the medium to long terms are showing the need for more correction, the pair now stand above the strong support at 0.7750 and if the level was breached the pair might continue its downside wave to the 0.7710 level. 

 

Support0.77650.77500.77400.77250.7710
Resistance0.77800.77900.78000.78110.7825

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