Tuesday, April 21, 2009

Euro / Pound. Restoration may continue

Restoration of a single European currency in a pair with a pound yesterday, was stopped near stg0.8915, and, after another attempt to break above Ofer in this area in the Asian session failed, the couple has adjusted lower, continuing the consolidation above the support near stg0.8880/75 . Dealers noted that stg0.8870 located below the foot, and their performance can support the testing bidov near stg0.8860, while the next series of orders to buy is now observed in the area and stg0.8840 in stg0.8825/20.Vprochem Events the past few days led to a number of positive developments in the technical picture in particular is worth paying attention to the fact that at the time the schedule has developed a double base, above the neck which is currently taking place and the consolidation of the euro / pound, and the breakthrough opens the way above stg0.8915/20 further growth in the direction of stg0.8940/45 and stg0.8960/65. Meanwhile, an analysis of daily charts indicates that the turn indicators have formed in the zone and now pereprodannosti mentioned above, and the euro / pound today was above the trend line from the end of March, which also speaks in favor of testing resistance near stg0.8960, when This breakthrough in the case of rising above correction can be developed further in the direction of the stg0.9020/30 and stg0.9060.

No comments: