Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 17, 2011, 11:00:46 am
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Trade Idea: EUR/GBP ? Sell at 0.8525
<p>Although the single currency has retreated after yesterday?s rebound to 0.8450, as long as this week?s low at 0.8357 holds, upside risk remains for another rebound, above said resistance would bring retracement to 0.8515 (50% Fibonacci retracement of 0.8672 to 0.8357), however, reckon resistance at 0.8529 would hold, bring another decline later.</p><img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/uvdMTPlmbV8" height="1" width="1"/>
Source: Trade Idea: EUR/GBP ? Sell at 0.8525 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/uvdMTPlmbV8/)