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Daily forecast: EURGBP 02 Oct. 2014.
Trading analysis for Daily forecast of EURGBP 02 October, 2014. In Daily chart EURGBP shows bullish trend. At present EURGBP breaks 1st and 2nd resistance level and going towards the 3rd resistance level. If 3rd resistance level breaks then next strong resistance level is 0.78591.
Pivot: 0.77864
Resistance levels
R1 0.78071
R2 0.78178
R3 0.78385
R4 0.78591
Support levels
S1 0.77757
S2 0.77550
S3 0.77443
S4 0.77335
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EUR / GBP, very easily explained by fundamental downtrend However, the first test the major support at 0.7750 GBP can generate a technical rebound towards 0.7880 / 0.79 Eventually 0.7750. Break and EUR / GBP drop to 6-12 month horizon to 0.72, EUR / USD will be under $ 1.20.
The combination of support at 0.7750 combined with a level of psychological importance of lets consider profit taking by allowing a rebound potential to build beyond all technical and fundamental aspects now buy it.
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analysis for today 10 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 10 / 1 / 2014
OPEN 0.7789
HIGH 0.7798
LOW 0.7766
CLOSED 0.7797
The third resistance (R3) 0.7798 -( 0.7787 - 0.7766 = 0.0021 x 2 = 0.0042 )= 0.7840
The second Resistance (R2) 0.7787 + 0.7798 - 0.7766 = 0.7819
First resistance (R1) 0.7787 x 2 = 1.5574 - 0.7766 = 0.7808
pivot points 0.7798 + 0.7766 + 0.7797 = 2.3361 / 3 = 0.7787
Support for the first (S1) 0.7787 x 2 = 1.5574 - 0.7798 = 0.7776
Support second (S2) 0.7787 -( 0.7798 - 0.7766 = 0.0032 ) = 0.7755
Third Support (S3) 0.7766 -( 0.7798 - 0.7787 = 0.0011 x 2 = 0.0022 )= 0.7744
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pair- eur/gbp
chart analysis time frame- m30
the price is double top chart pattern with having support at 0.7764 level and resistance at the 0.7790 level. the stoch indicator is showing overbought but if the price is move above 0.7795 then long with take profit at 0.7825 and stop loss at 0.7760
good luck
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Daily forecast: EURGBP 01 Oct. 2014.
Trading analysis for Daily forecast of EURGBP 01 October, 2014. In Daily chart EURGBP shows bearish trend. At present EURGBP below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 0.76875.
Pivot: 0.77895
Resistance levels
R1 0.78138
R2 0.78397
R3 0.78640
R4 0.78883
Support levels
S1 0.77636
S2 0.77393
S3 0.77134
S4 0.76875
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analysis for today 10 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 9 / 30 / 2014
OPEN 0.7809
HIGH 0.7816
LOW 0.7766
CLOSED 0.7788
The third resistance (R3) 0.7816 -( 0.7790 - 0.7766 = 0.0024 x 2 = 0.0048 )= 0.7864
The second Resistance (R2) 0.7790 + 0.7816 - 0.7766 = 0.7840
First resistance (R1) 0.7790 x 2 = 1.5580 - 0.7766 = 0.7814
pivot points 0.7816 + 0.7766 + 0.7788 = 2.3370 / 3 = 0.7790
Support for the first (S1) 0.7790 x 2 = 1.5580 - 0.7816 = 0.7764
Support second (S2) 0.7790 -( 0.7816 - 0.7766 = 0.0050 ) = 0.7740
Third Support (S3) 0.7766 -( 0.7816 - 0.7790 = 0.0026 x 2 = 0.0052 )= 0.7714
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cci(14) : -140.51
bulls (13) : -0.004
i see the in pair down trend
so i will sell from : 0.7785
and my target today is : 0.7585
good luck
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pair- eur/gbp
chart analysis time frame- m30
the stoch indicator is showing oversold as moving below the 20 level and the price is rejecting up movement from the resistance at 0.7820 level with making doji pattern. if this is break support of 0.7800 then will fallling tot he 0.7785 level. hold the short entry with stop loss at 0.7825
good luck
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analysis for today 9 / 29 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7808
Retracement (50%) 0.7811
retracement (61,8%) 0.7813
Extensions (61.8%) 0.7785
Extensions (100.0%) 0.7776
Extensions (138.2%) 0.7767
Extensions (161.8%) 0.7762
calculation based on a Fibonacci retracement then today I choose sell
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