Forex Notes

Technical levels for a pair Euro / Pound

Resistance 4: stg0.8862 at least January 1
Resistance 3: stg0.8852 minimum of 17 December
Resistance 2: stg0.8833/38 at least Nov. 17, maximum 27
August, the 200-day moving average
Resistance 1: stg0.820 maximum of 10 February

Current level: stg0.8815

Support 1: stg0.8780 5-day moving average
Support 2: stg0.8745 21-day moving average
Support 3: stg0.8680 at least Feb. 5
Support 4: stg0.8603 minimum of 28 January

Comment: Stochastic pair euro / pound is still showing strength,
Momentum formed a bullish cross, but now crossed 5 and
21-day moving average at the primary level of support
stg0.8745/80. Bears must fall below it, to
return to the zone of the January lows stg0.8603/50. Meanwhile steam
is above this level, the bulls will tend to the 200-day
moving average.