Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


EURGBP Short Term Decline Overdone

By , Sr. Technical Strategist
16 October 2009 16:44 GMT

The EURGBP pullback has reached the area just ahead of the 9/30 and 10/1 lows.  Expect a pullback to begin soon, with resistance at .9207 and .9266.  The decline is impulsive so the rally should be just a correction.



provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

16 October 2009 16:44 GMT