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Thread: Eur/gbp Support

  1. #1
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    Default Eur/gbp Support

    .6744/47.......................9/16 August 2007 Low
    .6708/21.......................29 June/ 2 August 2007 Low
    .6680..............................26 July 2007 Low
    .6669..............................october 2006 Low
    .6629/39...........................measured Move Lower From March /may
    Double Top At .6867/57

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    Default

    EUR/GBP Today's support: - 0.7852, 0.7840 and 0.7830 (main).
    Break would bring 0.7820, where a correction may be. Then 0.7806.
    If a strong impulse, we'd see 0.7798. Continuation will bring 0.7786.

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    Default

    S: 0.7870-0.7875
    R: 0.8100-0.8110
    Trend: FLAT

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    The currency pair has been trading close to a bearish trend-line since the end of March. At least we saw on Monday that the Bollinger Bands contracted as a bottleneck and due to this fact, the EUR/GBP slid again and broke through its S1 pivot point. It seems that downward trend will be continue and may stop at the second pivot support level at first.

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    Default

    this levels (0,86XX) is to high, i think they'll realize from here.

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    first post happening. now 0.8540, may be another attack to 0.86 but thats it trend is down now

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    Default

    support broken now 0.8480 is next support

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    Default

    broken but flat now. i think there will be flat moves before tommorrow

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