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EUR/GBP - Euro British Pound, European Session - 16/05/08

16 May, 2008 @ 01:41 am EST

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0,7948. EUR GBP is in a range between 0,7925 and 0,7980. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances: 0,7950 - 0,7975
Supports: 0,7925 - 0,7875

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