EURGBP is Bullish today
Price is currently testing resistance at 0.7550
As a trading strategy, chances sell at the level 0.7550
with potential targets to the range 0.7570 - 0.7600
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EURGBP is Bullish today
Price is currently testing resistance at 0.7550
As a trading strategy, chances sell at the level 0.7550
with potential targets to the range 0.7570 - 0.7600
analysis for today 1 / 28 / 2015
EURGBP
Resistance : R1 0.7545 R2 0.7570 R3 0.7590 R4 0.7620
Support : S1 0.7420 S2 0.7395 S3 0.7375 S4 0.7345
Open : 0.7487
High : 0.7495
Low : 0.7470
Range : 0.0025 Pips
Running Price : 0.7486
Strategy : BUY at the level 0.7486 stop loss at the level 0.7420 target take profit at the level 0.7590 or at the level 0.7620
Daily Forecast
Pairs: EURGBP
Major Trend: Bearish
Time Frame: Daily
Reason: It turns out that the market can not supprot penetration correction at 0.7622. Evidenced by the 2 previous candle, could not penetrate the weekly pivot at 0.7510 price. Predicted the price will come down
Recommendation: Sell now
I think that the black trendline decree below in the 30M time frame will make the price fall down, that's why we can get in short position with take profit at 0.7433.
http://i.imgur.com/tbCTaBf.png
Daily Forecast
Pairs: EURGBP
Major Trend: Bearish
Time Frame: Daily
Reason: It turns out that the market is not capable of correction break at 0.7623. While in the Asian session, the market is still below the weekly pivot point (0.7510). Predicted price will still go down
Recommendation: Sell now
EURGBP is Bullish today
Price is currently testing resistance at 0.7521
As a trading strategy, chances sell at the level 0.7521
with potential targets to the range 0.7541 - 0.7571
analysis for today 1 / 29 / 2015
EURGBP
Resistance : R1 0.7516 R2 0.7541 R3 0.7561 R4 0.7591
Support : S1 0.7394 S2 0.7369 S3 0.7349 S4 0.7319
Open : 0.7442
High : 0.7469
Low : 0.7441
Range : 0.0028 Pips
Running Price : 0.7463
Strategy : BUY at the level 0.7463 stop loss at the level 0.7394 target take profit at the level 0.7561 or at the level 0.7591
I think that this is a good opportunity to get in long position with take profit at 0.7596 after breaking the resistance level at 0.7509.
http://i.imgur.com/NEn1jbN.png
analysis for today 1 / 30 / 2015
EURGBP
Resistance : R1 0.7588 R2 0.7613 R3 0.7633 R4 0.7663
Support : S1 0.7443 S2 0.7418 S3 0.7398 S4 0.7368
Open : 0.7513
High : 0.7518
Low : 0.7513
Range : 0.0005 Pips
Running Price : 0.7516
Strategy : BUY at the level 0.7516 stop loss at the level 0.7443 target take profit at the level 0.7633 or at the level 0.7663
I think that we can get in short position from the 38.2 level of fibonacci ratios at 0.7521 with take profit at 0.7404.
http://i.imgur.com/VPsMNkV.png
Spoiler: