Eur/Gbp

I think the EURGPB is the one of the most used pair in forex trading business.So, there is much volatility.You may earn much from the trading this pair and there is also chance to become looser if you do not take right decision in right time.

EUR / GBP opened the first trading day decline as strong as I noted in another reply to me that we will see further decline and is now trading under a cloud Como Span, and levels of previous support any entry must be in a downward trend as long as the price in downward trend

http://hh7.an3m1.com/Sep/an3m1.com_972f4ffb3b1.png

i think that we should sell EURGBP as we have a moving down trend a a resistance level@ 23.6 % so i predict that EURGBP will move downward until it reach our tp1 @0%.

recommendation

remain neutral for now awaiting more confirmations for the next move

Support 0.7850 0.7670
Resistance 0.7885 0.8035

More of sideway trading could be seen on the pair today. The break of 0.8010 minor support is needed to conclude whether the consolidated pattern is over or note. Below 0.8010 the pair could aim for 0.7950 and more. Whereas, above 0.7950, the pair could turn bullish and aim for 0.8164 and more, dampening the bearish view.

EURGBP At this precise moment this pair is around 0.80 27/30 (-0.01%). looking at the indicator Moving Average Convergence Divergence (MACD) we can see it is at 0 indicating that we should be in a Neutral situation. Also the Exponential Moving Average period 20 is moving at 0.8029, indicating that we are in a Neutral trend. For now today extreme levels are: High 0.8033 Low 0.8027. Today main pivot point is 0.8052.

EUR / GBP is heading in the direction that we expected him yesterday where he was able today to break the previous support, which makes us to predict the pair of landing more stochastic as well as a vector for more than downward

http://hh7.an3m1.com/Sep/an3m1.com_6ca4ef33823.png

The pair is trading sideways and its intraday bias remains neutral. A break below 0.8010 would suggest that the pair corrective rise is over and has turned bias to the downside aiming for 0.7949 and more. On the upside if the bulls pull the pair, then we could see the pair touching 0.8170 and more.

EURGBP At this moment this pair is trading at 0.79 99/00 (-0.36%), looking at Average Exponential Indicator (ADX) we have a Buy trend direction. If we look at Commodity Channel Index (CCI) it is at -134.238, giving us the advice that we should look for a Sell Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at 0.0008, telling us that we should be in a Sell trend. This data help us to make a decision on the direction of price for this pair.

The trading range for today is among the key support at 0.7800 and key resistance now at 0.8135.
The general trend over short term basis is to the upside targeting 1.0370 as far as areas of 0.7785 remain intact.