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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 0.8650 stochastic refers that the pair will go up
so our target buy from 0.8550 and our target will 100pips
http://charts.mql5.com/1/691/eurgbp-...ex-group-2.png
:woo:
elliott irregular flat correction up 0.8619 ther are intile sign of a good corrective recovery to at least 0.8582 or even a bove 0,8595 support at 0.8556 and 0.8541
Eur/GBP closes day, week and month at 0,8552
The actual pivot points for the month are
H 4H D W M
R3 0.8564 0.8586 0.8647 0.8775 0.8848
R2 0.8560 0.8571 0.8622 0.8685 0.8742
R1 0.8556 0.8559 0.8593 0.8618 0.8609
PP 0.8552 0.8544 0.8568 0.8528 0.8503
S1 0.8548 0.8532 0.8539 0.8461 0.8370
S2 0.8544 0.8517 0.8514 0.8371 0.8264
S3 0.8540 0.8505 0.8485 0.8304 0.8131
Closing the monthly candles principle confirms the intention of bulls push the pair above. While the mined support from alliatora 0.8405 level and growth rate can be expected to the February highs. Proof is in stock, it remains to wait for Stochastics..:)
Fallow this prediction. I think it will take for yourself. And bro, I will follow your discretion in 7 days. In the event that your estimate is usually thrown in 7 days I will certainly fast, authentic in her bank account. That's the position you need an access point. Regarding the consequences of much better.
EURGBP currency pair for my opinion on this week, the movement would continue downtrend, if price able bearish towards lower on Friday, yesterday at a price (0. 8527), so my recommendation to you in the morning over the long term you can put a sell stop at that price, and if the price is not able to penetrate that level then you should put a buy stop at 0.8597 price (hingger weeks ago)
EUR/GBP
The Camarilla Pivot Point Levels of EUR/GBP for today.
Resistance 4= 0.8574
Resistance 3= 0.8561
Resistance 2= 0.8557
Resistance 1= 0.8553
Pivot point= 0.8551
Support 1= 0.8545
Support 2= 0.8541
Support 3= 0.8537
Support 4= 0.8525
Suggestion:
We recommend that you don’t trade in area 0.8545 - 0.8553.
Beware if the price break 0.8557, It’s most likely that price would be bullish to 0.8561 or 0.8574. Conversely, if the price penetrate 0.8541, it is most likely that prices will continue to bearish the 0.8537 or 0.8525.
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http://www12.0zz0.com/2013/06/03/01/824239029.png
the pair in 15m trade down the up trend
the pair trade down moving 100,200
stochastic refers to down way
most indicators refer to down way
so sell and our stop loss 0.8560
Eur/gbp analysis for 06.03.2013 by using pivot indicator.
r3: 0.8624
r2: 0.8600
r1: 0.8575
pivot: 0.8551
s1: 0.8526
s2: 0.8502
s3: 0.8477
Pivot levels today:
R3: 0.8624
R2: 0.8601
R1: 0.8575
PP: 0.8552
S1: 0.8525
S2: 0.8502
S3: 0.8476
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so mroe fall is expected.
Forecast: Price may fall to 0.8502.