• EUR/GBP: Reverse Off The 0.8892 Level

    As highlighted in our analysis of the ability of its long term rising trendline to provide support on initial test, well that occurred on Thursday and eventually drove the cross higher. The challenge now is whether EURGBP can push higher through its two key resistance levels located at the 0.,9044 level, its Mar 22'10 high and its 2010 high at 0.9148.
  • EURGBP: Focus Remains On The 0.8832 level.

    The cross maintained a third consecutive week of downside losses the past week breaking and hold below the 0.8970 level, its Nov 25'09 low to close lower at 0.8880.