Eur/Gbp

[pritishahfx]

[B]EUR/GBP Tradertip Technical Report and Forecast for Friday
One more dip to 0.7392 or 0.7371 is likely followed by a grind higher to 0.7434 - 0.7454. After which it can resume its downtrend.

[pritishahfx]

EUR/GBP Tradertip Technical Report and Forecast for Thursday 12 March 2015

It should try higher up to 0.7084 - 0.7108. Entry point 0.7061 or 0.7038. After this rise, a correction is expected.

[ducd3vaizo]

Daily Forecast

Pairs: EURGBP
Major Trend: Bullish
Time Frame: H1
Reason: Market began forming a bullish pattern, if the market managed to break the daily pivot at 0.7060, then the market will be a correction at 0.7116
Recommendation: Buy a stop at 0.7060

[pritishahfx]

EUR/GBP Technical Analysis: Selloff Continues for Fifth Day

Talking Points:

• EUR/GBP Technical Strategy: Short at 0.7341
• Support: 0.7131, 0.6989, 0.6847
• Resistance: 0.7219, 0.7242, 0.7290

The Euro continues to push downward against the British Pound, with prices sinking for a fifth consecutive day. Near-term support is at 0.7131, the 76.4% Fibonacci expansion, with a break below that on a daily closing basis exposing the 100% level at 0.6989. Alternatively, a turn above the 61.8% Fib at 0.7219 clears the way for a challenge of fallingthe trend line resistance at 0.7242.
We sold EURGBP at 0.7341 and subsequently booked profit on half of the position. The remainder of the positioning remains open to capture any further downward momentum. The stop-loss has been trailed to the breakeven level (0.7341).

---------- Post added 03-11-2015 at 04:00 AM ---------- Previous post was 03-10-2015 at 06:19 PM ----------

EUR/GBP drops to as low as 0.7122 so far and intraday bias remains on the downside. Current down trend should now target 0.7 round number next. On the upside, above 0.7183 minor resistance will turn bias neutral and bring consolidation. But break of 0.7403 support turned resistance is needed to be the first sign of near term reversal. Otherwise, outlook will remain bearish.

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Cluster support of 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253) was taken out and there is no clear sign of bottoming yet. Instead, downside momentum remain strong as seen in weekly MACD and with the firm break of medium term falling channel. However, we expect that 0.6535/7250 should be a strong support zone that should at least trigger a medium term rebound. Thus we'd stay cautious on bottoming inside this week. But for now, deeper fall is expected towards 0.6535.

---------- Post added at 08:07 PM ---------- Previous post was at 04:00 AM ----------

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7066; (P) 0.7123; (R1) 0.7155

EUR/GBP's down trend continued as reached as low as 0.7078 so far. Intraday bias remains on the downside and current fall should target 0.7 round number next. On the upside, above 0.7148 minor resistance will turn bias neutral and bring consolidation. But break of 0.7403 support turned resistance is needed to be the first sign of near term reversal. Otherwise, outlook will remain bearish.

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Cluster support of 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253) was taken out and there is no clear sign of bottoming yet. Instead, downside momentum remain strong as seen in weekly MACD and with the firm break of medium term falling channel. However, we expect that 0.6535/7250 should be a strong support zone that should at least trigger a medium term rebound. Thus we'd stay cautious on bottoming inside this week. But for now, deeper fall is expected towards 0.6535.

[ducd3vaizo]

Daily Forecast

Pairs: EURGBP
Major Trend: Bearish
Time Frame: H1
Reason: It is predicted that the market will still be heading to 0.7121, to retest the new resistance. Due to the market today have not touched the pivot point, then predicted the market would be to 0.7186
Recommendation: Buy now with a target of 0.7121

[pritishahfx]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7155; (P) 0.7187; (R1) 0.7204

EUR/GBP's decline extends today and intraday bias remains on the downside. Current down trend should now target 0.7 round number next. On the upside, above 0.7238 minor resistance will turn bias neutral and bring consolidation. But break of 0.7403 support turned resistance is needed to be the first sign of near term reversal. Otherwise, outlook will remain bearish.

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Cluster support of 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253) was taken out and there is no clear sign of bottoming yet. Instead, downside momentum remain strong as seen in weekly MACD and with the firm break of medium term falling channel. However, we expect that 0.6535/7250 should be a strong support zone that should at least trigger a medium term rebound. Thus we'd stay cautious on bottoming inside this week. But for now, deeper fall is expected towards 0.6535.

[pritishahfx]

The single currency has remained under pressure after recent selloff, suggesting decline is still in progress and may extend further weakness to 0.7170 and possibly towards 0.7150, however, as this move is still viewed as the final phase of the wave v of recent wave (c), reckon downside would be limited to 0.7120-25 and price should stay above 0.7100, risk from there has increased for a corrective rebound to take place later.
In view of this, would not chase this fall here and would be prudent to sell euro on recovery. Above resistance at 0.7301 would defer and risk test of 0.7325-30 but break there is needed to signal a temporary low is formed, bring a stronger rebound to 0.7360-65 and later towards 0.7400 but reckon resistance at 0.7429 would hold from here.

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

[ng1985]

pair- eur/gbp
time frame to analysis- m30



the price is continue moving in the down trend side. its down side with hitting resistance trend line at 0.7215 level and break the support at 0.7190 level. the stoch indicator is also oversold. the price may correction side. hold the short entry with stop loss at 0.7200
good luck

[pritishahfx]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7179; (P) 0.7209; (R1) 0.7236

Intraday bias in EUR/GBP remains on the downside for the moment. Current down trend should now target 0.7 round number next. On the upside, above 0.7285 minor resistance will turn bias neutral and bring consolidation. But break of 0.7403 support turned resistance is needed to be the first sign of near term reversal. Otherwise, outlook will remain bearish.

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Cluster support of 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253) was taken out and there is no clear sign of bottoming yet. Instead, downside momentum remain strong as seen in weekly MACD and with the firm break of medium term falling channel. However, we expect that 0.6535/7250 should be a strong support zone that should at least trigger a medium term rebound. Thus we'd stay cautious on bottoming inside this week. But for now, deeper fall is expected towards 0.6535.

[fxearner]

pound bhi kaafi down last week hua hai lekin eska effect ess pair par nahi hua kyunki europe ne qe ko aaj se start kardiya hai aur europe me greece ka situation bhi abhi takk clear nahi hua to ye pair tabhi etna down hua hai..