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Technicals

Technical analysis for crosses(EUR/GBP)-5/9/2008

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09 May 2008 @ 02:44 am EST
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(EUR/GBP)

The Euro went back to winning ways against the Pound as the pair managed to incline above the 0.7890s level which suggests the pair might continue its upside wave to the 0.7931, though the momentum indicators are showing the pair needs o decline as it resides within an overbought area, but the strong support at 0.7890 should provide the pair with the needed momentum. 

 

Support0.79000.78900.78800.78650.7850
Resistance0.79170.79310.79450.79600.7975

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