Eur/Gbp below 100 hour M/A

Written December 10, 2009 at 4:51 AM EST by  

Eur/Gbp is trading below its 100 hour M/A of .9043. There are market rumors stating some Eur/Gbp selling going into the fixing. If the pair remains below .9043 a sell off down to .9005 is possible where some trendline support is present.

A break above should bring the pair to .9064 where the 200 hour M/A and 50% Fibo lie.

vincent_fx000201

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