AceTraderForex Dec 30: Daily Outlook on Cross EUR/GBP

[B]DAILY EUR/GBP CROSS OUTLOOK - 0.8340[/B]
29 Dec 2013 [I]23:06GMT[/I]

Despite Fri’s brief bounce to 0.8392, subsequent
weakness to 0.8337 (NY) signals correction fm Thu’s
3-week low at 0.8330 has ended n early fall fm 0.84
67 (Dec) wud extend to 0.8313 but 0.8300 wud hold.

Hold short for this move with stop as indicated
n only abv 0.8392 aborts bearishness on euro, risks
stronger retracement to 0.8415 b4 retreat.

[B]STRATEGY :[/B] Hold short
[B]
POSITION :[/B] Short at 0.8350
[B]
OBJECTIVE :[/B] 0.8315
[B]
STOP-LOSS :[/B] 0.8380

[B]RES :[/B] 0.8369/0.8392/0.8415

[B]SUP :[/B] 0.8330/0.8313/0.8300