The EUR/GBP began his downward motion since July 1st 2011 from the 0.9081 stage to achieve the 0.7951 stage on Would possibly , 15th , 2012 , approach it dropped via 1130 issues .
We realize at the day by day chart , that the EUR/GBP make some up corrections after each and every lower approach after each and every downward motion and this is named the correction step , then to renew its basic downward development.
We additionally realize, that the costs are within the correction step inside of a bullish flag in a down development and if it breach down the primary strengthen stage of 0.8042, this can be a sign that it might end the correction step to renew the downward development.
The following anticipated goal can be in opposition to the 0.8018 stage then to the 0.7979 stage.
As for the important thing resistance stage, it lays at 0.8083
Posted via MBCFX on 2012-06-19 11:33:15
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