EUR/GBP Trader 12.03.2012
11:38 PM
Adi
, Posted in
| Level | Technical Significance |
|---|---|
| 0.8506 | 2012 High Feb 24 |
| 0.8490 | Daily High Feb 28 |
| 0.8468 | Daily High Feb 29 |
| 0.8399 | Daily High Mar 8 |
| 0.8353 | 06:30 GMT MON 12 MAR |
| 0.8340 | Daily Low Mar 7 |
| 0.8314 | Daily Low Mar 2 |
| 0.8288 | Daily Low Feb 17 |
| 0.8270 |
21-Day Lower Bollinger |
| Position | At | Open/Close | Target | Stop |
|---|---|---|---|---|
| SHORT | 0.8360 | 2012-03-08T11:39:00 | 0.8300 | 0.8405 |
Shorts remain with our stop above last weeks 0.8399 highs. The
0.8314-40 region remains key support with a break lower needed to see
focus shift back to retests of the 2012 lows at 0.8222. Topside, a
break back above last weeks highs sees the pair heading back towards
trend highs and the relatively flat 21 day upper bollinger band around
0.8490. (KS)
Copyright (c) 2012 Thomson Reuters - IFRMarkets 
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