EUR/GBP – 03/03/2011

On the daily graph the price ranges between 0-78.6, from this point forward  a break out will lead its way automatically to the level of 127.2.

At the lowest point – break down of 0.8350 will bring to a target of 0.8180.

At the highest point – break out of 0.8600 will bring to a target of 0.8760.

Due to the fact that the price is in the middle, the stop loss will be decided only after a clear movement to one of the sides from the Fibonacci levels.

 

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