EUR/GBP - Euro British Pound, European Session - 30/07/09

By IBTimes Staff Reporter | July 30 2009 1:49 AM

0,8572. EUR GBP broke 0,8590 support. EUR GBP is in a consolidation after the last bearish movement. Bollinger bands are flat. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 0,8550 (22 pips). If the support breaks then the target will be 0,8400 (172 pips).

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Resistances: 0,8590 - 0,8650
Supports: 0,8550 - 0,8530

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

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