Mar 12, 2008

Technical analysis for crosses(EUR/GBP)-3/12/2008


(EUR/GBP)

The Euro dropped heavily yesterday against the Pound after reaching the major resistance level at 0.7680 which hold the pair from acquiring the 0.77 target, while the support at 0.7630 provided the pair with the strength to incline back again, the short term technical indicators are showing more upside potential, while the point at 0.7630 offers strong demand for the pair.

Support0.76400.76300.76150.76000.7590
Resistance0.76500.76650.76800.76900.7700

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