The price breaked the red trendline decree below and it is retesting it now, that's why we can get in long position with take profit at 0.7420.
http://i.imgur.com/JAkc8hI.png
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The price breaked the red trendline decree below and it is retesting it now, that's why we can get in long position with take profit at 0.7420.
http://i.imgur.com/JAkc8hI.png
yeah myy dear ........
EURGBP Next week analysis
EURGBP should be subject to more sell off towards 0.8318 or 0.8295. Corrective upward swings should face resistance around 0.8511 area. A break of 0.8479 is bullish.
Key Point 0.8448
Entry Point 0.8350
Trendline 1 0.8351
Trendline 2 0.8376
Support 1 0.8295
Support 2 0.8205
Resistance 1 0.8432
Resistance 2 0.8479
Renewed selling pressure in European pair after the German industrial production data came less than estimated in July, where the expanded monthly pace of 0.7% versus 1.0% gain initially expected and up from a contraction contraction last June at 1.4%. The pair remains in a range of cohesion at the lower limit of the 0.7300 area so far, where he erased some of the gains from the recovery on Friday after the release of the jobs data.
http://i.imgur.com/imuTRKd.png
The Frame daily EUR GBP noticed broken downtrend which shows the entry purchasing power to raise prices and control of buyers after the end of the bearish scenario and note the arrival of the price to Almovinj 100 Moving 200, which demonstrates the strength 0.7394 levels, a resistance weekly significant levels and seeing him in more of the Ascension in the case of penetration and the closure of a candle Daily highest levels this visit until 0.7550 and 0.7820 levels.
http://i.imgur.com/Po08pQ3.png
Down: the price remains below the resistance levels, the upper and side of the channel at 0.7350 and trading prices under them It is the opportunity to sell the goals of up to 0.7325 - 0.7300.
Up: Price penetrate the upper side of the channel levels, and the resistance levels at 0.7365 and closing prices above them It is an opportunity to buy the objectives of up to 0.7390 - 0.7415.
http://i.imgur.com/T4a8ps6.png
pair- eur/gbp
time frame analysis- m30
http://i61.tinypic.com/2m2tglk.jpg
technical analysis- the price is moving in the triangle chart pattern with having resistance at the 0.7350 level. the parabolic sar in the up trend side but the price will again down side. hold the short entry with the profit target at 0.7300 and stop loss at the 0.7395
good luck.
Spin-off models in both sterling and the single currency leads to a similar performance for the pair ahead of the European opening bell in London. Trends unwillingness to risk and put the rules in the Asian session in reaction to the Chinese data agenda is good through the weekend, causing the return of igniting fears about the health of the economy. Later during the day, Italian consumer price data issued in addition to the industrial production of the European Monetary Union EMU in July, despite the fact that their importance seems very limited.
http://i.imgur.com/w0IIJdb.png
Keep an eye landing euro pound during trading coming after you configure the three peaks near the level one which shows the weakness of the buyer to raise prices to new levels also note improved Alsichaelojy the vendor and an attempt to lower prices to the lowest levels and advised to go short in order to daily support levels 0.7240 In the case of breaking and closing beneath these levels continue to decline until 0.7190 levels, note that the bearish scenario is changing and broke the top closure resistance levels 0.7377.
http://i.imgur.com/hv7Uowz.png
pair- eur/gbp
time frame analysis- m30
technical analysis-
http://i58.tinypic.com/zssryu.jpg
the price is moving in the up trend channel pattern with having support at trend line at 0.7270 and the resistance trend line at 0.7316 level. now the price support side and this up trend channel pattern continue expected. long with take profit at 0.7300 and stop loss at 0.7270
good luck.