SubscribeEur/gbp technical analysis for 08.10.2012 by using : Auto pivot indicator.
resistance 3:0.8149
resistance 2:0.8116
resistance 1:0.8097
pivot point :0.8064
support 1:0.8045
support 2:0.8012
support 3:0.7993
Thread: Eur/Gbp
Eur/gbp technical analysis for 08.10.2012 by using : Auto pivot indicator.
resistance 3:0.8149
resistance 2:0.8116
resistance 1:0.8097
pivot point :0.8064
support 1:0.8045
support 2:0.8012
support 3:0.7993
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Although still in bullish trend, price under pressure this morning after the market had opening several housr ago, so price go down limited but not touch daily pivot level at (0.8061). If price break down this level, it may estimate go down until 0.8045 as daily support 1 level.
if EURGBP can break 0.8067 resistance level and also break the yesterday's high, I think the bullish movement will continue and EURGBP may touches the next resistance level at around 0.8030
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If we look the current candle on H4, I see the tendency of this pair to fall and make some correction after a great bullish movement on the last Friday. Then, if that current candle can close below 0.8067 level, EURGBP may falls to the support level at 0.8039.
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Weekly closing at 0.8075 which means that the opening will be positive landing UNTILL levels 0.7000 conciliators
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after weakened sharply movement in two weeks ago, price can rise up until almost touch monthly ressistance 1 level (0.8082). this movement is become strongest movement for one month. but if in next week price turned down, it can formed head n tail formation that indicates price may be down for long term.
Daily chart after correction continues its confident growth .. and prices are close to 0.8110 marks where the moving average with a period of 200, which is working very hard on the daily charts and the resistance level ... so I think the mark of a very interesting and it is worth watching .. ..
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Euro/gbp is best currency pair in the whole forex currency.i like most in this pair,i earn more money in this pair,this currency pair movement is very fast that's why you gain in forex one day.thank you
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The pair near the 0.8042 resistance level and I see that trend for the pair upward trend if the pair was able to get to this point 0.8042 and breaking the highest price yesterday, the price will rise to 0.8071
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EUR / GBP has fluctuate around the level of 0.8030 then up significantly after touching SMA 55 for up to 0.8060 levels exceed targets
May occur now some bearish correction to retest levels piercing described the image and also the presence of some saturation on stochastic
But the pair closest to rise as long as the 0.8035 level did not exceed
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