EUR/GBP - Euro British Pound, European Session - 16/01/09

By IBTimes Staff Reporter | January 15 2009 10:17 PM

0,8926. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 0,8850 (76 pips). If the support is broken then the target will be 0,8600 (326 pips).

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Resistances: 0,9000 - 0,9050
Supports: 0,8910 - 0,8880

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