EURGBP: Euro will try to hold 0.90-10:50 (CET)

 @ibtimes
on December 07 2009 7:48 AM

Last Friday, the sterling performed a great movement to the support at 0.90. Today, the pair tried to get up to 0.9054without success, leaving a candle in the shape of a falling star, which could take the pair down to 0.90. If it loses this level, 0.8978/68 will try to hold the pair from trading down at the fibo 50, 0.8936. Above, not losing the support at0.902 could lead to a new attempt to break 0.9054, which will take it to 0.91 again. Finally, the MAs indicate the price is sideways.

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