Trade
Follow Us

Resources

EURGBP Short Term Decline Overdone

By Jamie Saettele, CMT, 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.

 

eurgbpst

DailyFX 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 FXCM.

16 October 2009 16:44 GMT