EUR/GBP : Short and medium term slants
--- Follow up analysis ---
The pair EUR/GBP has validated the breakouts of 0.8075 and 0.81, offering both a new buy signal. The price is still moving above its medium term bullish slant (blue line) and is testing the resistance at 0.8130 since yesterday.
We advise to trade only long positions as far as 0.8075 is support. The breakout of 0.8130 will give a new buy signal. Next resistances are at 0.8150 and 0.82.
In case of return below 0.8075, we will be neutral between this level and 0.8025. Only the breakout of this last level will give a sell signal.
Analysis published by Bruno, the 10/18/2012 at 11h00 GMT+2
Chart of the pair EUR/GBP - Timeframe 1H
Chart of the pair EUR/GBP - Timeframe 4H
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