Eur/Gbp comes off highs, touches 100 hour M/A

Written December 4, 2009 at 2:21 AM EST by  

Eur/Gbp has come off session highs about 20 points and touches its 100 hour M/A of .9089. The moves of this pair the last couple of days have been well defined as we have been portraying in recent hourly charts.

A break below .9089 should bring Eur/Gbp down to .9065-70 level where it has support at .9072 (200 hour M/A) and .9064 (50% Fibo).

If the pair can hold look for a move back up to .9110-15, although a break to the downside seems more likely.

vincent_fx00015

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