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Technical analysis for crosses(EUR/GBP)-6/23/2008

29 Sep, 2008 @ 04:14 am EST

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(EUR/GBP)
The Euro against the Pound is moving within a limited range as the pair is yet to breach either to the upside or the downside, the pair is moving among two levels, the 0.7890 support and the 0.7931 resistance, if the first level was breached the pair will continue the downside wave to reach the 0.7850, while breaching to the upside could lead the pair to the 0.7973 level.
Support	0.7904	0.7890	0.7875	0.7858	0.7844
Resistance	0.7918	0.7931	0.7944	0.7960	0.7973
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