Technical analysis for crosses(EUR/GBP)-11/16/2007

By IBTimes Staff Reporter | November 16 2007 12:00 AM

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(EUR/GBP)

The Euro dropped slightly against the Pound in a correctional move, as the pair reached all the upside targets for now, and the pair still resides in an overbought area, though the general trend is to the upside, and the point at 0.7117 seems to offer good demand for the pair.

Support

0.7140

0.7130

0.7117

0.7106

0.7090

Resistance

0.7150

0.7161

0.7175

0.7189

0.7200

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