0,8541. EUR GBP is in an downtrend directed by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,8550 (9 pips). The downtrend should continue to gather momentum.
Resistances
0,8550 - 0,8600
Supports
0,8500 - 0,8475

tags: Forex, eurgbp
author: Arnaud Jeulin
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