Friday, December 26, 2008

Technical outlook for euro and pound


EURO R1: 1.4130 S1:1.3850
R2: 1.4150 S2:1.3830
chart pattern indicates the currency to have a bull run for the day. Trading range for the day is expected between 1.3980-1.4120 levels for the day. Stochastic is seen trending down but the currency is trading above the moving average.

GBP R1: 1.4880 S1: 1. 4650
R2: 1.4900 S2: 1. 4630
chart pattern shows the currency to be mixed for the day. Trading range is expected between 1.4680-1.4870 levels for the day. Currency is seen trading on the moving average and stochastic is seen trending down

No comments: