20th Mar - EUR/GBP Now Pulling Back
20 March 2013
WEEKLY CHART:
The recovery in this cross rate recently encountered resistance from the 0.8770 76.4% level and projected channel top, which was not a surprise technically.
DAILY CHART:
The structure of the upmove changed, accompanied by a negative RSI divergence suggesting bull fatigue.
This coincided with the test of a 76.4% level on the Weekly chart.
A better pullback attempt looks to be underway now – first interesting support comes from the 38.2% retracement at 0.8409. S/term rallies should now be a sell, with stops above the 0.8814 25-Feb high.
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21st Mar - Brent Crude Retraces 38.2% 
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14th March - FTSE's absolute strength (and relative weakness)