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elliott irregular flat correction down 0.8552
there is bearish potential for afall to 0.8582 while 0.8630 - 0.8644 resit after after this fall arecovery up to 0.8644 or 0.8658
technical points
key point 0.8582 - entry point 0.8641 - elliott 0.8679 - closing 0.8611 - progection 0.8576 - trend line 0.8677
Pair : EURGBP
Updated : Fri, March 01 9:45 p.m.
Price : 0.8649
Movement : 38.9 Pips
Movement : 0.45%
Support : 0.8554
Pivot : 0.8629
Resistance : 0.8704
Eur/gbp analysis for 03.04.2013 by using : pivot custom time.
r3: 0.8767
r2: 0.8725
r1: 0.8691
pivot : 0.8649
s1: 0.8615
s2: 0.8573
s3: 0.8539
http://charts.mql5.com/1/109/eurgbp-...nies-group.png
we can see in the m15 chart
the pair can close up the up trend line
i see the pair will go to up way to 0.8668
stochastic refers that the pair will go up
so our target buy from 0.8658 and our target will 100pips
Good luck
Pair : EURGBP
Updated : Mon, Mar 04 09:39
Price : 0.8656
Movement : -0.2 Pips
Movement : 0.00%
Support : 0.8574
Pivot : 0.8650
Resistance : 0.8725
Eur/gbp analysis for 03.04.2013 by using : pivot indicator.
r3: 0.8770
r2: 0.8729
r1: 0.8692
pivot : 0.8651
s1: 0.8614
s2: 0.8573
s3: 0.8536
http://charts.mql5.com/1/110/eurgbp-...nies-group.png
hi
how are you
we can see in the 4h chart
the pair trading down the 61.8
I see the pair will go to down way to 0.8585
stochastic refers that the pair will go down
so our target sell from 0.8640 and our target will 55pips
Good luck
the price is going to oversold with stoch and macd is also giving us short signal in the h1 time frame. the price is not able to break the higher resistance at 0.8690. we can short this pair with the target next support at 0.8550
gbp/eur currently trading at 0.8636 with high of 0.8661 and a low of 0.8628, pivot point of this pair is 0.8648,but the move of this pair is limited that i feel so i recommend sell near high and buy near low,stoploss is high and low respectively.
The EUR/GBP is testing the support of SMA 100 and SMA 50. There is also a uptrend line there. The volume is higher than previous time. So, these factors will make the price increase!
http://s24.postimage.org/oesp1fyhh/image.png