10 October 2014 – EUR/GBP – Testing the static resistance

The happy trader - EURGPB 10102014 testing the static resistance

Daily EUR/GBP candlestick chart. Last week the EUR/GBP slid down over the (ex) medium term down trend line, with a weird movement. This week the currency pair has tested the (new) static resistance, but so far there wasn’t any penetration (a daily close above the static resistance).

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