EUR/GBP analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | February 09 2010 4:35 AM

The parity just broke its key level at 0.8750 so a buy signal has been given, confirmed by a pullback on this level (0.8750 is now support). We advise to trade only long positions as far as the price is above 0.8750. The next resistance is at 0.88 (highest reached of january 25th). A break out of this resistance will offer a new buy signal.

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