On the floor, Isah said: "On the other hand, a return below 0.8530/28 levels override their ongoing recovery efforts and bring further declines towards the 0.8460 level, its low and level Mar'2011 of 0.8355, its lowest Feb'2011. "
Wednesday, 5 October 2011
Forex: EUR/GBP Bouncing From 0.8589 to 0. 86390 Now
The euro continues to recover against the pound on Wednesday. "In a continued recovery, EURGBP will target 0.8650/0.8710 levels (September 26'2011 low / high 30'2011 September) in a break in a convincing manner that is required to push above the 0.8794 level, low 21'2011 September, "said Mohammed Isah, FXTechstrategy analyst. According to him, moves more hikes could continue towards 0.8881 / 5 and subsequently the 0.9083 level (June 1, 2011 high).
On the floor, Isah said: "On the other hand, a return below 0.8530/28 levels override their ongoing recovery efforts and bring further declines towards the 0.8460 level, its low and level Mar'2011 of 0.8355, its lowest Feb'2011. "
On the floor, Isah said: "On the other hand, a return below 0.8530/28 levels override their ongoing recovery efforts and bring further declines towards the 0.8460 level, its low and level Mar'2011 of 0.8355, its lowest Feb'2011. "
