10th Mar - EUR/GBP Still Holds Near 61.8% Support
10 March 2014
WEEKLY CHART:
The market has continued to pull back, after earlier retest of resistance from the 0.8770 76.4% level and projected channel top. Next support here is offered by the old 0.8065 2010 low.
DAILY CHART:
Support from the 61.8% retracement continues to hold, but there is a reluctance to rebound much from this. At the moment any bounce would be expected to be temporary ahead of lower levels.
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