Forex - EUR/GBP Technical Analysis (Euro / British Pound)

Above 0.81, a test of the resistance at 0.8150 is expected. If this level is broke, a new buy signal will be given and the bullish movement should pursuit towards 0.82.

Analysis published by Vincent, the 06/29/2012 at 9h30 GMT+2

Update : 03/07 : An exit from the neutral zone occured yesterday on the pair EUR/GBP. The British Pound should continue its movement against the Euro with a first objective at 0.80.
The pair is still moving above the upper band of its medium term bearish channel (purple lines).
If 0.80 is broke,, a new sell signal will be given and will open the way towards 0.7950.
A pullback on 0.8050 stay possible but if the price got back above this level, we will be again neutral, waiting for a new exit of the zone 0.8050/0.81.