Updated the:

01/17/2011

EUR/GBP Technical Analysis comments :

Sentiment:

sentiment

The pair EUR/GBP found resistance on 0.8450 (0.85 in extension). The pair is now back on 0.84 and is currently testing this level. All indicators are bullish. Only MT and LT moving averages are bearish. We maintain to trade only long positions as far as the price is above 0.84. The breakout of 0.8450 will give a new buy signal. The next resistance is at 0.85. However, if 0.84 is broken, we will be neutral between 0.8350/0.84. We will then wait an exit of this range to take position.

EUR/GBP

EUR/GBP