Tuesday, September 15, 2009

EUR/GBP Probes Weekly Trenline Resistance

EUR/GBP is breaking the Resistance Trendline on Weekly Charts.

Also the former Resistance trendline in 0.81-82 turned Support in 0.8380/90.

The pair is making higher high/lows while trading above its 21-Week MA..

Interesting to see if the consolidation around 0.84-0.86 was a base for a trend higher.

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