EURGBP still look sideways near the 23.6 fibo (0.8041) . So, just wait and see it's better. And for the trend on 4H TF . this look still bulls and good to be search buy (the trendline look nice still bulls formation)
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EURGBP still look sideways near the 23.6 fibo (0.8041) . So, just wait and see it's better. And for the trend on 4H TF . this look still bulls and good to be search buy (the trendline look nice still bulls formation)
Scenario for today
Elliott: flat correction down 0.8006
Current upmove should be over between 0.8051 and 0.8059. A correction down to 0.8004 is anticipated. A break of 0.8071 is bullish.
Warning: Harami
Technical points
Key point 0.8054
Entry point 0.8052
Elliott 0.8065
Closing 0.8048
Projection 0.8029
Trendline 0.8052
Trendline 0.8054
Supports / Resistances
Res 2 0.8071
Ex-High 0.8055
Res 1 0.8059
Pivot 0.8043
Sup 1 0.8031
Ex-Low 0.8027
Sup 2 0.8015
On the H1 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
*21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: 0.8067
EURGBP move sideways between support at 0.7961 and resistance at 0.8075 which looks like a basic formation. The increase of 0.7755 as counter trend movement in the long-term downtrend.
Eur/gbp technical analysis for 22.11.2012 by using : Auto pivot indicator.
resistance 3:0.8107
resistance 2:0.8079
resistance 1:0.8061
pivot point :0.8033
support 1:0.8015
support 2:0.7987
support 3:0.7969
eur/gbp technical analysis by using : average directional movement index
adx : 16.9453
+di : 12.6777
-di : 18.4591
timeframe : 1 hour
time : 0600
date : 22.11.2012
Support: 0.7988
Pivot: 0.8032
Resistance: 0.8077
trendspotter sell
7 day average directional indicator sell
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator sell
20 Day Bollinger Bands hold
Technical Analysis for EURGBP Hold
This pair on still look up bulls if then price (buyer on this pair) was break that strong supply zone at 0.8064. for better buy Op here. just wait for breakout price to that 0.8064 then. But of course for now we also can search for nice buy OP with max. TP to near that supply 0.8064.
On the H1 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: 0.8081
Scenario for today
Elliott: irregular flat correction up 0.8088
It should test 0.8070 area after which a sell off down to 0.8015 or extended to 0.7988 area is expected.
Technical points
Key point 0.8056
Entry point 0.8031
Elliott 0.8006
Closing 0.8042
Projection 0.8065
Trendline 0.8050
Trendline 0.8046
Supports / Resistances
Res 2 0.8078
Ex-High 0.8051
Res 1 0.8060
Pivot 0.8033
Sup 1 0.8015
Ex-Low 0.8006
Sup 2 0.7988