By
James Chen |
Technical Analysis | Jul 19, 2010 05:06PM GMT |
EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week’s sharp downmove in
GBP/USD and milder upmove in
EUR/USD by continuing last week’s bullish momentum that broke out above 0.8400. By breaking out above the resistance confluence of the 0.8400 level ...
For more EUR/GBP analysis, please click here.
(Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)
James Chen, CTA, CMT
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