wynnasuju
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Analysts: how to trade EUR/GBP?
Tuesday, May 1, 2012 - 09:45
The oversold EUR/GBP strengthened to the 0.8170 area after U.K. Manufacturing PMI came out below expectations. The indicator dropped from 51.9 (revised from 52.1) in March to 50.5 (consensus of 51.5).
Analysts point to resistances for the cross at 0.8170, 0.8215 and 0.8265 (high March 17). On the downside, support lies at 0.8145, 0.8125 and 0.8100.
Commerzbank: EUR/GBP is likely to stay below the strong support 0.8220 (low Jan.9)
Strategists at Danske Bank recommend selling the cross at current levels for 0.8067 objective and with a stop at 0.8228.
Chart. Daily EUR/GBP
Analysts: how to trade EUR/GBP? // FBS Markets Inc.
Tuesday, May 1, 2012 - 09:45
The oversold EUR/GBP strengthened to the 0.8170 area after U.K. Manufacturing PMI came out below expectations. The indicator dropped from 51.9 (revised from 52.1) in March to 50.5 (consensus of 51.5).
Analysts point to resistances for the cross at 0.8170, 0.8215 and 0.8265 (high March 17). On the downside, support lies at 0.8145, 0.8125 and 0.8100.
Commerzbank: EUR/GBP is likely to stay below the strong support 0.8220 (low Jan.9)
Strategists at Danske Bank recommend selling the cross at current levels for 0.8067 objective and with a stop at 0.8228.
Chart. Daily EUR/GBP
Analysts: how to trade EUR/GBP? // FBS Markets Inc.