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I think EURGBP still in the up trend now. In my view, EURGBP still has a power to continue the up trend. I think EURGBP will try to touch the resistance level at 0.8163. But be careful, if EURGBP can break 0.8132 support level, this pair may makes some correction to the lower support level at 0.8097.
Spoiler:
Eur/gbp technical analysis for 22.10.2012 by using : Auto pivot indicator.
resistance 3:0.8179
resistance 2:0.8164
resistance 1:0.8151
pivot point :0.8136
support 1:0.8123
support 2:0.8108
support 3:0.8095
I think EURGBP still in the up trend now. In my view, EURGBP still has a power to continue the up trend. I think EURGBP will try to touch the resistance level at 0.8163. But be careful, if EURGBP can break 0.8132 support level, this pair may makes some correction to the lower support level at 0.8097
http://i50.tinypic.com/2afkizd.gif
The short term trend of the pair is to the upside. Intraweek trading range of the pair is expected among key support at 0.8000 and key resistance at 0.8330. Based upon my chart analysis, I prefer to buying the pair above 0.8135 with targets 0.8265, 0.8200 then 0.8260 and stoploss with four hour candle closing below 0.8070 for this week.
After the breakdown of a very important level of steam looks clearly at the top ... but here is the double top and the price goes back to the break of ... I think it is simple to acquire a large position in the top ... and the couple should go even higher after testing the level ..
Simple analysis for EUR / GBP, Monday, October 22, 2012.
In time frame 1 H, and Accelator MACD Oscillator (AO) is in the area sell. While WMA 50 and 100 are coincident, indicating that the pair EUR / GBP has a great opportunity to come down on the price of 0.8109 (support 2). Good luck ... and be wise with your money.
The last resistance level 8150 which still prevents the further growth of the pair, but it looks and it is broken (the main trend north and he has not lost his powers), while waiting Tattered this level in order to purchase.
EUR/GBP
SELL
Enter :- 0.81380
TP1 :- 0.80947
TP2 :- 0.80516
SL :- 0.82249
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend
EURGBP has managed to break high on the weekly level, so the possibility of a long-term currency pair trend up.namun sell in a state that allows the target reversal occurs on the night if the price had touched 0.8177 .. do not do the sell order now,because the price is still within the zone buyer
The euro was trading close to a four-month high against the pound on Monday, after regional election results in Spain over the weekend indicated support for the austerity policies of Prime Minister Mariano Rajoy.
EUR/GBP hit 0.8151 during European morning trade, the pair’s highest since June 15; the pair subsequently consolidated at 0.8148, gaining 0.15%.
The pair was likely to find support at 0.8109, Thursday’s low and near-term resistance at 0.8146, the high of June 11.
The euro steadied after the center-right Popular Party of Prime Minister Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting a bailout from Spain’s euro zone partners.
But the euro’s gains were limited after a recent string of better U.K. data fuelled hopes for a sustained recovery in the recession hit economy.
Investors were looking ahead to preliminary data on U.K. economic growth data later in the week, amid expectations that the report will show that the economy expanded in the third quarter, following three successive quarters of contraction.
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The pound was close to a four-month low against the euro, with EUR/GBP easing up 0.08% to 0.8142.
Also Monday, official data showed that the euro zone's fiscal deficit fell to 4.1% of gross domestic product last year, down from 6.2% in 2010, the first year of the euro zone’s debt crisis, but public debt still increased