EUR/GBP : Bearish channel
--- Follow up analysis ---
The pair EUR/GBP has validated yesterday a return above 0.80 and is now moving out of its short term bearish channel (brown lines).
We continue to advise short positions as far as 0.8025 is resistance. A return below 0.80 will comfort our bearish feeling. The breakout of 0.7975 will give a new sell signal and should allow the price to reach the support at 0.7950.
In case of return above 0.8025, we will be neutral between this level and 0.8050. Only the breakout of this last level will give a buy signal.
Analysis published by Bruno, the 11/14/2012 at 11h45 GMT+2
Chart of the pair EUR/GBP - Timeframe 1H
Chart of the pair EUR/GBP - Timeframe 4H
|EUR/GBP Live Chart - Timeframe : 4h|
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