0,8502. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The price should find a resistance below 0,8520 (18 pips). The downtrend should continue to gather momentum.
Resistances
0,8520 - 0,8585
Supports
0,8460 - 0,8435

tags: Forex, eurgbp
author: Arnaud Jeulin
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