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EURGBP 15 M chart
There is a minor uptrend at 15 minute chart. Price is at the resistance- if it breaks this level we will see more upward movements. If it doesn't pass this level- it will form a double top pattern and we will see reversal and downward movement.
Good luck
My Weekly Chart Report :
the last week candle was completely positive but still the direction towards down till now but for me i have three points if the price succeeded to cross them i will change my direction for that pair
0.794x
0.798x
and the last resistance at 0.806x
if the price pass them the main direction will change but till now you can say that is a correction wave
Attachment 3452
weekly chart
Intraday trading signal
eurgbp m30 has formed a pennant.
Price has already broke the lower trendline.
Sell and set target at 0.7915
In the case of resumption of decline, the couple will receive support around 0.7875 - 0.7850, and in the event of a further decline - 0.7825 - at least Thursday. If the couple overcomes these levels, it would be appropriate to talk about the resumption of the downward movement, the aims of which will be in the first place, the area of 0.7800 - 0.7790, and then - 0.7755 - a minimum of 23 July.
http://i46.tinypic.com/2ludslc.gif
The short term trend of the pair is to the upside. Intraweek trading range of the pair is expected among key support at 0.7775 and key resistance at 0.8135. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
MASD bulls in the area and showed a sell signal, as evident on the hourly chart sloping line that feels good price, most likely from this line will reduce correctional south.
steam steadily strengthened above the Ichimoku cloud, and only that once again made a new high for the week, the bulls continue to demonstrate their superiority, Ichimoku signal shows three lines signal the continuation of the northern movement, the goal of 8000.
EURGBP still in bullish movement now.
If EURGBP can break tha yesterday's high at 0.7962, EURGBP may continue going up and touch the resistance level at 0.7979 or even try to reach the higher resistance level at 0.8025. But the bullish scenario will fail if EURGBP can break the support level at 0.7924
With the opening of the market is above the pivot, then it is likely to be bullish EURGBP. May be headed to 0.7987 level. However, if the pivot (0.7941) was broken, the pair is likely to fall to as low as 0.7915
http://i46.tinypic.com/106mzcw.gif
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.7880 and key resistance at 0.8100. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.