EUR/GBP intraday: under pressure.
26-May-11
07:21
Pivot: 0.87
Our preference: Short positions below 0.87 with targets @ 0.863 & 0.8595 in extension.
Alternative scenario: Above 0.87 look for further upside with 0.873 & 0.8755 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Key levels
0.8755
0.873
0.87
0.8685 last
0.863
0.8595
0.8565
Ticker: EURGBP
