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EURGBP moved in a strong bullish movement yesterday and had broken 0.8323 resistance level successfully. Now, I think this pair still has a chance to contonue going up. If EURGBP can reach 0.8348 resistance level and break it, this pair may continue going up to the next resistance level at around 0.8376.
fibonacci pivot point calculation result
r3 = 0.8384
r2 = 0.8361
r1 = 0.8347
pp = 0.8325
s1 = 0.8302
s2 = 0.8288
s3 = 0.8266
pair = eur/gbp
date = march 11.2014
time frame = daily
pair- eur/gbp
chart analysis time frame- m30
the price is moving up trend side and its break the resistance at the 0.8300 but rejecting from the 0.8350 level. now lower side it is falling down as break the pivot support 0.8324. this will be falling to the 0.8300 or lower to the 0.8280. short with the stop loss at 0.8360
good luck.
---------- Post added at 04:51 PM ---------- Previous post was at 04:51 PM ----------
pair- eur/gbp
chart analysis time frame- m30
the price is moving up trend side and its break the resistance at the 0.8300 but rejecting from the 0.8350 level. now lower side it is falling down as break the pivot support 0.8324. this will be falling to the 0.8300 or lower to the 0.8280. short with the stop loss at 0.8360
good luck.
EUR/GBP analysis for today 3 / 11 / 2014
Resistance 3 0,8463
Resistance 2 0,8433
Resistance 1 0,8413
Pivot Point 0,8336
Support 1 0,8258
Support 2 0,8238
Support 3 0,8208
BUY STOP 0,8413 STOP LOSS 0,8258 TAKE PROFIT 0,8433 OR 0,8463
SELL STOP 0,8258 STOP LOSS 0,8413 TAKE PROFIT 0,8238 OR 0,8208
woodie's pivot point today
pair = eur/gbp
date = march 11. 2014
time frame = daily
result
resistance 2 = 0.8386
resistance 1 = 0.8364
pivot point = 0.8327
support 1 = 0.8305
support 2 = 0.8268
standard pivot point calculation
date = march 11.2014
pair = eur/gbp
r3 = 0.8418
r2 = 0.8384
r1 = 0.8359
pp = 0.8325
s1 = 0.8300
s2 = 0.8266
s3 = 0.8241
analysis for today 3 / 12 / 2014
EUR/GBP
Resistance : R1 0.8409 R2 0.8434 R3 0.8454 R4 0.8484
Support : S1 0.8266 S2 0.8241 S3 0.8221 S4 0.8191
Open : 0.8339
High : 0.8341
Low : 0.8334
Range : 7 Pips
Running Price : 0.8335
Strategy : BUY at the level 0.8335 stop loss at the level 0.8266 target take profit at the level 0.8454 or at the level 0.8484
fibonacci pivot point calculation result
r3 = 0.8361
r2 = 0.8351
r1 = 0.8345
pp = 0.8335
s1 = 0.8325
s2 = 0.8319
s3 = 0.8309
pair = eur/gbp
date = march 12.2014
time frame = daily
Decreased apparently intact, since January has been range trading currency pairs, failed to break the 38.2% Fibonacci retracement, a level that indicates a change in market sentiment. However, now the currency pair has formed a beautiful three top form, it could mean a reversal of the trend, so I should sell
The three top form easily into rectangular continuation pattern, so I want to sell at 0.8350, but the trend may be reversed, we may see the currency to rise to 50% Fibonacci retracement of 0.8450, so I will be sold at this level.
On H4 time frame, we can see that EURGBP has broken the trend line now. So, I think EURGBP may makes a correction movement and fall to the support level at 0.8313. This scenario will be invalid if EURGBP can rise and break 0.8349 resistance level successfully.