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this pair is moving in the support and resistance area. the resistance is 0.8625 and the support is 0.8580. now this pair is also oversold so first price will again try to move the resistance side. if the resistance is break with macd zero line cross we can long with this pair with the target 0.8660
Eur/gbp analysis for 02.15.2013 by using: pivot indicator.
r3:0.8741
r2:0.8703
r1:0.8662
pivot:0.8624
s1:0.8583
s2:0.8545
s3:0.8504
http://www12.0zz0.com/2013/02/15/13/195866075.gif
in this chart 1d we can see the pair will go to down way in the
future
the pair now is between channel
I see the pair will go to 0.8542
RSI also refers to down way
I expect from this analyze that the price will go to down way
so sell from 0.8405 to 0.8542
good luck
:good::accute::)))
sell eur/gbp at the level 0.8625 with targets at 0.8545 and 0.8500, but in case of breaking the level 0.8655, then buy above this level with targets at 0.8720 and 0.8770
elliott flat correction up 0.8677
it is a triangle configuration market should brek either side acceleration should occur above 0.8645 or under 0.8605 limits
technical point
key point 0.8640 - enrty point 0.8624 - elliott 0.8447 - closing 0.8624 - progection 0.8717 - trend line 0.8611
The forecast for Friday the pair EUR / GBP in a technical analysis and a candle, the couple still continues to trade near the resistance line a bearish trend. And most likely pair finished the week in the current range, rising slightly above to 0.8620...=(
I observed that Eur/gbd is the the best currency paid for trading. I also get the profit from the currency paid which i put the bid on this currency. First you should know the trend of the marke.t
is thread ka reply kerna tou asan nhn leg reha bhya mager maray mutabik gbp ka trend aub upward jaye ga thoray arsa low zaror rehay ga mager yeh upward jaye ga kun kay last week yeh bohat low reha hai zaida wekt aub iska upward trend start hoga mager monday ka ada din trade nhn kerna chye is pay kun kay trend exact pata chal jaye tou hi decision lana hoga...
this pair is still not having any good volume 0.8450 is very strong on the downside and upside is limited around 0.8780 if sterling make a recovery pattern than chances will be more correction to downside in EURGBP