Euro vs. Great British Pound (2010-08-06)

By IBTimes Staff Reporter | August 06 2010 5:56 AM

Midday Report

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Nothing to be added to our suggested bearish classical scenario, which we discussed several times earlier except a long black candlestick pattern, is formed right now. It could assist the royal pair to move lower for the rest of the day. Henceforth, we hold onto our morning technical speculations.

The trading range for today is among the key support at 0.8140 and key resistance now at 0.8420.

The general trend over short term basis is to the downside targeting 0.7780 as far as areas of0.8965remain intact.

Weekly Report

Morning Report

Support0.82550.82250.82050.81800.8140Resistance0.83050.83150.83550.83800.8400RecommendationOur morning expectations remain valid.

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