Wed, 11 Jul 2012 06:47:09 GMT
EUR/GBP 1H Chart: Broadening Wedge
EUR/GBP has been depreciating since 29th of June and has formed a Descending Broadening Wedge pattern on the 1H chart. The pattern has 44% quality and 100% magnitude in the 148-bar period. The pattern started when the pair rebounded from 0.8095 and after testing pattern's support levels at 0.8007 and 0.7915 it has slowed down at around 0.7895 where the pair