EURGBP Short Term Decline Overdone

Published October 16th, 2009 - 08:40 GMT
Al Bawaba
Al Bawaba

The EURGBP pullback has reached the area just ahead of the 9/30 and 10/1 lows.  Expect a pullback to begin soon, with resistance at .9207 and .9266.  The decline is impulsive so the rally should be just a correction.