by Tue, 05 Oct 2010 12:20:00 +0200
Forex: EUR/GBP rally capped at 0.8690
FXstreet.com (Barcelona) - The EUR/GBP surged earlier following the unexpected monetary policy move by the BoJ as well as strong fundamental PMI data over the European continent. The pair reached a daily high around 0.8690, however the rally ran out of steam at that point and began to settle slightly underneath.
Since, the EUR/GDP has been trading in a horizontal fashion around 0.8675 waiting for another boost. Reviewing the technical analysis, Ian G Coleman of the FXstreet Independent Analysis Team writes: “Large corrective day yesterday on EURGBP but the bias remains to the upside. Short timeframes are showing an impulsive move this morning. I am still looking for 8820 in this pair to complete wave 3. Only a move below 8572 would negate my view.”
Coleman continues with key support levels: 8642/8600/8572 while resistance is placed at: 8737/8750/8800.
| Technical Analysis (2010-10-05 10:00 GMT) | |
|---|---|
EUR/GBP 0.8667/0.8672 - O: 0.8637 H: 0.8639 L: 0.8632 C: 0.8633 | |
| Trend | R3: 0.8715 |
 | R2: 0.8693 |
| R1: 0.8672 | |
| S1: 0.8623 | |
| S2: 0.8645 | |
| S3: 0.8666 | |
Actualité du forex
Forex News
- Forex Trade 16 Feb, Employment Change, Unemployment Rate, Ecb Publishes Feb. Monthly Report
- Oil Maintains Bullish Trend amid Middle East Tensions
- Risk Aversion Turns EUR Bearish
- USD Moves Up Following Fresh Euro-Zone Worries
- JPY Moves Up on EUR Following Greek News
- L'euro Poursuit Sa Chute, Le Marché Sanctionne Les Tergiversations Autour Du Dossier Grec
- Report du versement des aides à la Grèce, les marchés se contractent
- Le pétrole conserve une tendance haussière au milieu des tensions du Moyen-Orient
- L'aversion au risque peut avérer un Euro Baissier
- USD progresse face aux inquiétudes fraiches de l'Euro-Zone.