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stanchiam
Feb 26, 2015 10:09 PM

eurgbp 

Euro Fx/British PoundFXCM

Description

bulls fail to move price above wedge and go for new low instead
level to watch is now 0.73, this level become resistant, if price managed to close above then it is bullish
as long it is below market remain bearish

however long term extension of 0.726 could provide some support and 0.723 may even reverse the process
waiting for 5 wave up and above 0.73 as clue for trend reversal
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