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Eur/Gbp on steady decline, trading at 100 hour M/A

Written December 1, 2009 at 6:37 AM EST by Vincent Facchino 

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Eur/Gbp has been on a steady decline since the European trading session began. The pair is trading at its 100 hour M/A of .9087 and for added support the 38.2% Fibo lies at .9085. If the pair follows its downtrend the next support level lies at .9064. If it holds look for a retracement back to .9120-25.

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