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Author Topic: EUR/GBP Testing Fibo-level Support  (Read 4543 times)
pranjali
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« on: April 07, 2010, 11:01:59 am »
EUR/GBP Testing Fibo-level Support
         

The Euro has been reeling from the struggle of Greece in dealing with its sovereign debt. The EUR/GBP pair broke below an important zone between 0.8850 and 0.0890. It is now testing the 0.8750 area. This is the 78.6% retracement and is confluent with an intermediate term rising support seen...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10gbp-testing-fibo%11level-support-20100407110455/
         
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