Forex: EUR/GBP rejected from 0.8468

on Jun 27, 2013
Listen Thursday June 27th_: The EUR/GBP yesterday tested the 0.8468 level for a third time since 12 June and was rejected. Today the price has already increased by 0.37 percent and is currently trading at 0.8533.

The price action is floating above the MA89 and MA200 on the daily, four-hour and one-hour charts, suggesting that the uptrend from 17 July 2012 low of 0.7750 might not yet be finished. The uptick would be considered continued when the 24 February 2013 high of 0.8814 is overwhelmed.
Resistances: 0.8510, 0.8520 and 0.8540.
Supports: 0.8490, 0.8470 and 0.8450.

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EUR Forex