Eur/Gbp

As you can see in the chart that the price is moving below the pivot point now.
It is a good idea to sell at this stage with take profit just above the Support 2 at 0.8440 and stop loss at 30 pips distance.

http://charts.mql5.com/1/458/eurgbp-...orex-group.png

Pivot levels today:
R3: 0.8531
R2: 0.8514
R1: 0.8493
PP: 0.8476
S1: 0.8455
S2: 0.8438
S3: 0.8417
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 0.8417.

time frame- H1
first the price is hold at the 0.8436 and moving up side but the pivot point at the 0.8475 it is rejected. now the macd indicator is giving us short signal we short this pair to the target lower support at the 0.8350 and stop loss at the 0.8500
good luck

i like to sell this pair @ 0.8445
my stop loss of the day @ 0.8467
my take profit of the day @ 0.8410

Eur/gbp pivot levels by using fibonacci pivot indicator.

r3:0.8516
r2:0.8501
r1:0.8492

pivot :0.8477

s1:0.8462
s2:0.8453
s3:0.8438

First i cannot interest on this but after some time i interest on Forex then i will fallow this predication. i think that perhaps this work for me so i interest it and watched on regularly basis. If your Prediction is going on the right way with a week then fallow this.

EURGBP,H1
Date 2013.05.03
Time 04:00

Spoiler:

http://charts.mql5.com/1/464/eurgbp-...orex-group.png

Open 0.8410
High 0.8412
Low 0.8410
Close 0.8411
Volume 20
SMA(5) 0.8410
SMA(10) 0.8410
SMA(20) 0.8429
SMA(50) 0.8455
SMA(100) 0.8449
SAR 0.8451

Indicator window 1
Stoch(5,3,3) 70.0000
Signal 64.4514

Indicator window 2
RSI(14) 31.8235

Indicator window 3
MACD(12,26,9) -0.00145
Signal -0.00152

Indicator window 4
%R(14) -90.9091

based on combination of indicators above,
trend : BEARISH

two oscillators from Relative Vigor Index (RVI) and Gator Oscilators are in positive value as uptrend indication movement but Accumulated Oscilator (AO) is still indicating downtrend so pair is still in step by step bullish mode from 0.8422 and at stochastic indicator there is indication of rebound after successfully crossing between fast line and slow line near buy border level 20

Friday May 3, 2013. Analysis using the support resistance (daily)

Low: 0.8404
height: 0.8481
close: 0.8409

S3: 0.8305
S2: 0.8354
S1: 0.8382
Pivot: 0.8431
R1: 0.8459
R2: 0.8508
R3: 0.8536

today's opening price: 0.8410

Signal: up to down.

Pair : EURGBP
Updated : Fri, May 03 12:38
price : 0.8418
movement : 8.9 Pips
movement : 0.11%

Support : 0.8353
Pivot : 0.8431
Resistance : 0.8509
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