07th Mar - EUR/GBP Rise Falters at 76.4% Resistance
07 March 2013
WEEKLY CHART:
The recovery has paused at resistance from the 0.8770 76.4% level and projected channel top at 0.8825. A temporary pause here is not a surprise, and sellers on s/term rallies could be tempted.
DAILY CHART:
The recovery has paused for the time being, changing the chart structure. This coincides with the test of a 76.4% level on the Weekly chart.
Prepared for a better pullback attempt, note first interesting support is offered by the current 38.2% retracement at 0.8409.
At the moment resistance levels come more from the longer term charts at the moment.
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14th Mar - Sugar Ponders Recovery at Long Term Support 
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07th Mar - Copper Weakens Towards 76.4% Support