Thursday, April 23, 2009

Euro / pound adjusted lower, but the bulls do not lose hope

A series of unsuccessful attempts to break above Ofer in stg0.8990/00 forced bulls on euro / pound to think about fixing profit after rapid growth during the auction on Wednesday, bringing to this time a couple has adjusted to bidam in stg0.8925/20. The ability to hold above support in this area will be a positive signal for the euro / pound and would once again test the strength of the recent peaks, but below the break, according to dealers, threatening to turn into a further decline to stg0.8910/00, and then to stg0.8855 / 50. Ofer is now deployed around stg0.8960/65 and the area stg0.8990/00.

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