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5 Mar 2013
Forex: EUR/GBP recovers to 0.8630
After falling from 0.8635 to 0.8585, 1-week low, the EUR/GBP has been trading on recovery mode with the pair rising to test the 0.8630 level. Currently the pair is trading at 0.8625, 0.12% above opening price.
In 15-minutes timeframe, CCI and Momentum are bullish while Stochastic, RSI and MACD are neutral. In the 1-hour chart, the CCI and Momentum are bullish but MACD is neutral and Stochastic is bearish. Next resistances for the EUR/GBP are at 0.8640, 0.8665 and 0.8680. Supports are at 0.8600, 0.8590 and 0.8575.
In 15-minutes timeframe, CCI and Momentum are bullish while Stochastic, RSI and MACD are neutral. In the 1-hour chart, the CCI and Momentum are bullish but MACD is neutral and Stochastic is bearish. Next resistances for the EUR/GBP are at 0.8640, 0.8665 and 0.8680. Supports are at 0.8600, 0.8590 and 0.8575.