Printable View
According to the yesterday's movement, where EURGBP moved in a strong bearish trend, I think EURGBP may continue the down trend today. In my view, EURGBP will try to reach the support level at 0.8593, then if EURGBP can also break that support, this pair will continue falling to the lower support level at 0.8554.But if EURGBP can rise and break 0.8635 resistance level, this pair will make a correction movement to the next resistance level at 0.8673.Spoiler:
This pair still under strong downtrend and it has been success breakdown initial support @0.8595, then it would be achieve for the next support at 0.8520. But we need to careful at that area because LWMA Lines shown red zone which indicate oversold area.
sell eur/gbp at the level 0.8625 with targets at 0.8525 and 0.8485, but in case of breaking the level 0.8650, then buy above this level with targets at 0.8725 and 0.8790
M30
Prices remained below 0.8676 pivot shows today tend to fall .. MA crosses down 10 and 20 indicate a strong trend is still down. RSI conditions conducive to selling. would fall towards 0.8535 S1 corresponding trend?
:(
Eur/gbp analysis for 02.26.2013 by using : pivot indicator.
r3: 0.8962
r2: 0.8888
r1: 0.8750
pivot : 0.8676
s1: 0.8538
s2: 0.8464
s3: 0.8326
http://charts.mql5.com/1/99/eurgbp-h...nies-group.png
hi
how are you
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 0.8637
stochastic refers that the pair will go up
so our target buy from 0.8627 and our target will 100pips
Good luck
we look candle pattern on H4 time frame, I think EURGBP is trying to touch the resistance level at 0.8635. if EURGBP can break that resistance level, I expect EURGBP will go to the next resistance level at 0.8673.
eur/gbp technical analysis by using : adx
adx : 19.3472
+di : 22.0391
-di : 11.2105
timeframe : 4 hour
date : 27.02.13
eur/gbp market analysis on 27.02.13
by adx
adx : 42.6009
+di : 29.8013
-di : 13.2390
timeframe : daily
time : 0000
eur/gbp technical analysis by using : adx
adx : 34.6239
+di : 23.9530
-di : 5.9840
timeframe : 1 hour
time : 1000