Post by: Hemant on February 15, 2011, 06:15:10 am
No change in EUR/GBP's outlook. We're favoring the case that fall from 0.8940 is not over. And, price actions from 0.8333 might be just sideway consolidations in form of expanding triangle. Hence, we'd stay neutral first and expect another decline eventually. Below 0.8388 should target 0.8284 support first. Break of
Source: EUR/GBP Daily Outlook (http://feeds.actionforex.com/~r/ActionInsightallTechnical/~3/q4YNWEXj-YM/)