Quick look EUR/GBP

  • renewed selling in Cable ensured EUR/GBP kept gains abv 0.7842 (50% of Jul 2013 high-Jul 2015 low) suggesting erratic decline from last Thu may have run out of steam and doors are opened for a re-test of 0.7928.
  • Bullish 1-hr RSI also adds credence to the possibility of upside being achieved in next 24 hours or so.
  • 0.7848 should be treated as demarcation line between bulls n bears.

Supp – 0.7848, 0.7774, 0.7705

Res – 0.7897, 0.7928, 0.7946

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s