EURGBP Classic Technical Report 09.05.2012

DailyFX

Prices are turning lower from resistance in the 0.7950-85 area, with sellers aiming to retest a falling trend line set from the late-February top (0.7862). A break below that targets swing lows at 0.7812 and 0.7751. Alternatively, a close above 0.7985 initially exposes 0.8124.

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EURGBP_Classic_Technical_Report_09.05.2012_body_Picture_5.png, EURGBP Classic Technical Report 09.05.2012

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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