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It is worth to pay attention to a couple of eur / gbp which still managed to break through the strong resistance level of 8160, the couple has reached a new monthly high, this breakthrough was a signal confirming the continuation of the northern trend and open the next target 8230, 8285.
EURGBP has tendency to go up as it was opened above the pivot level. The pair may rise towards 0.8227, but if pivot is breaking, it possible to go down towards 0.8176
EURGBP is moving around the resistance level at 0.8197 now. I also think this pair is trying to break this resistance level. Then, if EURGBP can break this resistance successfully and also can break the yesterday's high, I expect this pair will continue going up to the next resistance level at 0.8232.
Spoiler:
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EURGBP this look on still sideways but to bearish probability as long as the buyer can not up again to more that strong supply at 0.8217. Make plan for sell with use max. stoploss for sell on above 0.8217 is better.
http://i45.tinypic.com/11l1t8i.gif
The pair is continued to move upside after breaking the horizontal resistance at 0.8165 which indicates that the pair has more potential to move upside for today. Linear regression indicator also indicates positive movement. According to my chart analysis, I prefer to buying the pair around 0.8165 with targets 0.8220 then 0.8260 and stoploss is below 0.8100.
EURGBP still in bullish trend. Currency pair is almost touching the 0.8221 resistance area, but is now back down. If the later resistance to closure persisted, then the potential will be a correction to the short-term uptrend will be enlarged.
Support-seen significant support are 0.8188 and 0.8147. During the second support to survive, every movement down intraday should be regarded as part of the correction.
````As expected, and said yesterday the pair continued the northern growth rate now come to the next resistance level of 8226 which started a small corrective movement to the south but signs are still there, so expect a breakthrough 8230 in which going to add another purchase, the goal is still the figure of 8300 `````
If we look on the chart, I think EURGBP is trying to reach the resistance level at 0.8232 now. Then, if EURGBP can break that resistance, this pair may continue going up to the next resistance level at 0.8269. But if EURGBP can't break that resistance, this pair may reverse and fall to the support level at 0.8197.
EURGBP still flat, but it is potentially to go up as it was opened above daily pivot level 0.8210. If the pair remain move above the level, it is likely to rise towards 0.8234, and may continue to 0.8249. However, if the pivot is broken, the pair may fall to 0.8195