daily overview for Eur-Gbp
r3: 0.7320
r2: 0.7294
r1: 0.7247
s1: 0.7174
s2: 0.7148
s3: 0.7101
the pair broke the oblong to up
so our trade for the pair is buy
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daily overview for Eur-Gbp
r3: 0.7320
r2: 0.7294
r1: 0.7247
s1: 0.7174
s2: 0.7148
s3: 0.7101
the pair broke the oblong to up
so our trade for the pair is buy
the head and shoulder formation dating back to the May high is likely continue to see the pair lower and accordingly our bias remains weighted to the downside.
Technical studies indicate that in the case of the falling price level could be tested closer at (0.7198) which is the best closing sales that have been implemented in the morning levels and Charts indicate in the case of access to reverse the wave on the main frame of four hours H4 that in the event that the candle 4 hours failed to close below support (0.7248)
the head and shoulder formation dating back to the May high is likely continue to see the pair lower and accordingly our bias remains weighted to the downside.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market still going sideways in the range of pivot point at 0.7207. However, for long-term predictions, the market will go down.
Recommendation: Sell
daily overview for Eur-Gbp
r3: 0.7286
r2: 0.7260
r1: 0.7233
s1: 0.7180
s2: 0.7154
s3: 0.7127
the pair broke the down trend to up
so our trade for the pair is buy
pair- eur/gbp
time frame to analysis- m30
http://i61.tinypic.com/2m2esgl.jpg
the price down movement is moved to the daily support at 0.7173 level and stoch indicator is giving up trend signal from the oversold level 20. the price is making doji pattern and may followed with bullish candle. this movement may as correction. hold the long entry with stop loss at 0.7220
good luck
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Market has been rejected in the second resistance at 0.7724, and has not followed the widening Bollinger. Possibility the market will go back up.
Recommendation: Buy limit at 0.7195
daily overview for Eur-Gbp
r3: 0.7270
r2: 0.7243
r1: 0.7220
s1: 0.7170
s2: 0.143
s3: 0.7120
the pair broke the oblong to up
so our trade for the pair is buy
pair- eur/gbp
time frame to analysis- m30
http://i60.tinypic.com/fvcyae.jpg
the price is making double bottom chart pattern with having the support at 0.7165 level and resistance trend line at 0.7200 level. the stoch indicator is moved to the overbought level so down movement can expected. short with take profit at 0.7170 and stop loss at 0.7235
good luck
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