Eur/Gbp

The pair has broken the H1 uptrend line and now trying to break the H4 uptrend line, if break, we'd see falling down targeting .8807 and .8764.

Otherwise, the pair will bounce up to .8936 and .8975 again before it continues to bearish.

dear mate i am trying to get market technical over view for EUR/GBP

according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels
market price ----------0.8643

1- Resistance level----------0.8658
2- Resistance level----------0.8671
3- Resistance level----------0.8682
1- Support level-------------0.8629
2- Support level-------------0.8616
3- Support level-------------0.8606

EUR/GBP is facing resistance near 55-day EMA. If that holds the it will indicate the end of the upward consolidation and that should result in drop towards 0.8315 or more. Even if the resistance of 55-day EMA fails and the pair breaks above the recent 0.8395, a strong resistance is expected in the range of 0.8415 to 0.8425. Our overall outlook stays bearish but we are neutral initially

The pair is stable above the support for the main descending channel shown above and the positive effect from momentum indicators continue to push the pair higher. Therefore, we prefer to remain aside for now and observe the closing today between the areas of 0.7965 support and 0.8055 resistance, as those levels will define the next move for the pair.

Technical analysis of Eur/Gbp is bearish

Resistance and Supporting levels is :

Resistance level is

1> Resistance level is:0.8645
2> Resistance level is: 0.8652
3> Resistance level is: 0.8661


Supporting level is

1> Supporting level is: 0.8629
2> Supporting level is: 0.8621
3> Supporting level is: 0.8614

Daily analysis about trend is sell

Resistance and Supporting level is :

1> Resistance is : 0.8652
2>Resistance is : 0.8665
3>Resistance is: 0.8678


1> Supporting is : 0.8625
2>Supporting is: 0.8612
3>Supporting is: 0.8600

EUR/GBP market technical analysis

market trend is going bearish
market price = 0.8643
Resistance levels
the market could break the first resistance at =0.8657
the market could break the second resistance level at =0.8669
the market could break the third resistance level at =0.8680

Support levels
the market could break the first support levels at =0.8630
the market could break the second support level at =0.8618
the market could break the third support level at =0.8607

EURGBP has been rejected by the 0.8132 support level and the rejection also form a bullish engulfing candle. But the rejection effect is weak. Now, EURGBP is trying to break 0.8132 support level again. Then, if EURGBP can break this support level successfully, this pair may falls to the next support level at around 0.8097.

I see the bearish still here. This bearish look supported by the several candle ago of course. Then, the max. bearish = it can be probably touch to near that Low fibo 0.7949, I see. Then, of course the Sell OP here can be nice action with using max. TP before price touch it's low fibo, I see. Look for the All Big MA = truly the bearish trend = yes = still nice strong here, I see

EUR/GBP ----> TF H1
Time: 22.06.11 04:53 GMT


Name Value Action

RSI(14) 53.389 Neutral
STOCH(9,6) 40.741 Sell
STOCHRSI(14) 20.517 Oversold
MACD(12,26) 0.0005 Buy
ADX(14) 32.281 Sell
Williams %R -58.333 Sell
CCI(14) -82.5719 Sell
ATR(14) 0.0011 Less Volatility
Highs/Lows(14) 0 Neutral
Ultimate Oscillator 60.979 Buy
ROC 0 Neutral
Bull/Bear Power(13) -0.0008 Sell
Buy: 2 Sell: 5 Neutral: 4 Indicators Summary: SELL