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EUR/GBP - Euro British Pound, European Session - 19/11/08

19 Nov, 2008 @ 12:11 am ET | written by Mataf


0,8437. EUR GBP is in an uptrend supported by 4H exponential moving averages. EUR GBP is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
0,8480 - 0,8650
Supports
0,8420 - 0,8360

For more forex information, go to www.mataf.net

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