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Chart Of The Day: EUR/GBP

Discussion in 'Technical Analysis' started by ActionForex.com, May 5, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Consolidating price action on EUR/GBP, as shown on the displayed daily chart, has been following a short-term downtrend resistance line since price approached the 0.9100 resistance in late April. This gently bearish price action within the context of a current price consolidation is now approaching the consolidation's support, around the...

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