Eur/Gbp above 200 hour M/A

Written December 9, 2009 at 2:44 AM EST by  

Eur/Gbp is trading above its 200 hour M/A of .9070. It is now testing resistance at .9085, the 38.2% Fibo retracement. If the pair can break above .9105-10 should be next level of resistance.

A move to downside will find some support at .9070. A stronger support level is .9050, the 100 hour M/A for the pair.

vincent_fx00019

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