EUR/GBP - Euro British Pound, European Session - 22/04/09

 @ibtimes
on April 21 2009 10:24 PM

0,8838. EUR GBP is in an downtrend directed by 4H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The price should find a resistance below 0,8850 (12 pips). The downtrend should continue to gather momentum.

Resistances
0,8850 - 0,8875
Supports
0,8810 - 0,8790

Share this article