EUR/GBP - Euro British Pound, European Session - 12/08/09

By IBTimes Staff Reporter | August 12 2009 2:49 AM

0,8576. EUR GBP is in a consolidation after the last bullish movement. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

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Resistances: 0,8590 - 0,8615
Supports: 0,8560 - 0,8490

tags: Forex, eurgbpauthor: Arnaud JeulinMataf.net offers technical analysis, forex news and currency converter.

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