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EUR/GBP- Upside Weak And Temporary

Published 01/08/2014, 06:55
EUR/GBP
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Although the range that dominated the first 3 days of this week was modestly exceeded yesterday the new highs were not maintained. Instead EURGBP continues to fluctuate around the key 13 day moving average.

This type of price action does not provide strong signals for sentiment but it is the failure to hold yesterday's highs that is expected to impact on today’s trading providing potential for .7918,.7909 and .7900.


Weak Demand

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