Eur/Gbp

Eur/gbp analysis for 02.28.2013 by using : pivot custom time.

r3: 0.8743
r2: 0.8710
r1: 0.8687

pivot : 0.8654

s1: 0.8631
s2: 0.8598
s3: 0.8575

in the h1 chart the price is rejected from the resistance at 0.8680 but the lower side the price at 0.8630 is also having a support. we can trade in the breakout direction. the price will try to break support because now macd indicator is try to give us short signal.

Pair : EURGBP
Updated : Thu, February 28 18:51
Price : 0.8631
Movement : -34.7 Pips
Movement : -0.40%

Support : 0.8600
Pivot : 0.8655
Resistance : 0.8711

I think EURGBP is trying to break the resistance level at 0.8673 nowl. If EURGBP can break this resistance level successfully, this pair may goes up higher to the next resistance level at around 0.8717, But if fail to break, this pair may falls to the support level at 0.8635 or lower.

Spoiler:

http://puu.sh/29JvE

http://charts.mql5.com/1/103/eurgbp-...nies-group.png


we can see in the 1h chart

the pair can close down the down trend line

i see the pair will go to down way to 0.8616

stochastic refers that the pair will go down

so our target sell from 0.8626 and our target will 120pips

Good luck
:good::respect::peace:

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Eur/gbp analysis for 03.01.2013 by using : pivot custom time.

r3: 0.8731
r2: 0.8703
r1: 0.8656

pivot : 0.8628

s1: 0.8581
s2: 0.8553
s3: 0.8506

Eur/gbp analysis by using : moving averages.

time : 04:45 GMT
time frame : 15 min

ema5 : 0.8618 signal-neutral.
ema10:0.8618 signal-buy.
ema20:0.8617 signal-buy.

http://3.bp.blogspot.com/-sRJoff9AID...600/eurgbp.gif

Time Frame H1

pivot 0.8627
S1 0.8580
R1 0.8655
S2 0.8553
R2 0.8702
S3 0.8506
R3 0.8730

MA (25) 0.86362
MA (50) 0.86439
MA (100) 0.86561

Prediction today

Trend: Bullish

in the h1 time frame the price is making now a strong bullish candle and will try to break the upper resistance at 0.8680. at the time macd indicator is also move to the above zero line. we can long this pair if price is close above 0.8890 with the target 0.8731