BUY Signals on EUR/GBP

By FOREXYARD,  January 12, 2011, 06:07:58 AM EDT

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The EUR has dropped significantly versus the GBP in the last week, and it is currently traded around 0.8315. And now as evident in the data, the daily chart is giving bullish signals, indicating that EUR/GBP pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.

• The next resistance levels are found at the 0.8345, 0.8375 and 0.8405 levels.

EUR/GBP Daily Chart
EUR-GBP 12-1-2011




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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