Monday, November 29, 2010

Euro against the pound sterling




Succeeded the royal couple to edit stochastic but we can see how the SMA 50 forced him to decline sharply. Thus, the negative pressure to the head and shoulders model proposed may continue this week with no contact after goals. Break the 0.8420 level will bring a wave of strong sales levels of about 0.8325, while the stochastic intersection negatively supports our expectations of art.
The trading range for this week may be between the level of support and resistance level at 0.8325 0.8630
The general trend is towards short-term bearish below 0.7780 with targets at 0.8965 levels steadily


Support 0.8445 0.8390 0.8370 0.8325 0.8295Resistance 0.8500 0.8550 0.8585 0.8605 0.8630

Recommendations Based on the above chart we believe that selling the pair about 0.8500 and target 0.8335 and stop loss above 0.8605 may be appropriate

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