Eur/Gbp

[ng1985]

pair- eur/gbp
time frame to analysis- m30



the down trend channel pattern has been break at the resistance 0.7415 level and the stoch indicator is above the overbought level. the price may rejecting down from the resistance at 0.7440 level. hold the long entry with stop loss at 0.7420
good luck

[pritishahfx]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7368; (P) 0.7397; (R1) 0.7417

4H

Intraday bias in EUR/GBP remains mildly on the downside for the moment. Current decline is expected to continue to next long term key support level at 0.7250/53. On the upside, above 0.7458 minor resistance will turn bias neutral first. But outlook will stay bearish as long as 0.7591 resistance holds.

---------- Post added at 12:44 PM ---------- Previous post was at 11:33 AM ----------

D1

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Such decline would now target next key support level at 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253). We'd be cautious on rebound from there. On the upside, break of 0.7766 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

[Gamabunta]

The most important technical levels expected for the EUR/GBP in today's trading:

0.7595: Fibonacci retracement of 61.8% of the movement descending from 0.7715 to 0.7410.

0.7523: the highest level on 29 January

0.7461: resistance to the framework of time on February 9.

0.7387: The lowest level on February 11.

0.7347: The lowest level on January 2, 2008.

0.7306: The lowest level on December 28, 2007.

[KAUL]

analysis for today 2 / 17 / 2015

EURGBP

Resistance : R1 0.7448 R2 0.7473 R3 0.7493 R4 0.7523
Support : S1 0.7316 S2 0.7291 S3 0.7271 S4 0.7241

Open : 0.7388
High : 0.7391
Low : 0.7373
Range : 0.0018 Pips
Running Price : 0.7381

Strategy : SELL at the level 0.7381 stop loss at the level 0.7448 target take profit at the level 0.7271 or at the level 0.7241

[ducd3vaizo]

Daily Forecast

Pairs: EURGBP
Major Trend: Bearish
Time Frame: H1
Reason: Seen stochastic has a divergent pattern. Possibility lowest point this month at 0.7367. predicted the market would rise to 0.7397 after rejection in support of the latter.
Recommendation: Sell now with a target 0.7367, or buy limit at 0.7367

[mianshabbir01]

EURGBP Analysis & Signals 16/0215

Order SELL BELOW
SELL LIMIT
Sell at 0.7427
Take Profit at 0.7387
Stop Loss at 0.7459

[pritishahfx]

D1

In the bigger picture, the down trend from 0.9799 (2006 high) is still in progress. Such decline would now target next key support level at 0.7250 (61.8% retracement of 0.5680 to 0.9799 at 0.7253). We'd be cautious on rebound from there. On the upside, break of 0.7766 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

---------- Post added at 04:14 PM ---------- Previous post was at 03:19 PM ----------

EUR/GBP The pair dropped and broke 0.7400, as holding below it favors extending the downside move to target 0.7370 and 0.7300 and 0.7200. Trading below 0.7500 is negative and supports bearishness, while breaching 0.7555 threatens to fail the suggested expectations.

---------- Post added at 04:20 PM ---------- Previous post was at 04:14 PM ----------

Support 0.7400 0.7370 0.7300 0.7225 0.7200
Resistance 0.7450 0.7500 0.7520 0.7600 0.7700
Recommendation
Negative expectations below 0.7400, risk-limit above 0.7555.

[Gamabunta]

0.7495: strong sales offers.
0.7435: Fibonacci retracement level rate of 76.4% during the course of the pair down from 0.7455 to 0.7371.
0.7386: Fibonacci retracement level rate of 76.4% during the course of the pair emerging from 0.73715 to 0.74345.
0.7403: Fibonacci retracement level of 50% during the course of the pair emerging from 0.73715 to 0.74345.
0.7396: Fibonacci retracement level of 61.8% during the course of the pair emerging from 0.73715 to 0.74345.
0.7370: strong buy orders.
0.7350: medium Purchase requests.

[pritishahfx]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7397; (P) 0.7422; (R1) 0.7460

4H

Intraday bias in EUR/GBP remains mildly on the downside for the moment. Current decline is expected to continue to next long term key support level at 0.7250/53. On the upside, above 0.7458 minor resistance will turn bias neutral first. But outlook will stay bearish as long as 0.7591 resistance holds.

[ducd3vaizo]

Daily Forecast

Pairs: EURGBP
Major Trend: Bullish
Time Frame: H1
Reason: Market still be a correction at 0.7411 before continuing the bullish trend towards 0.7433. Looks Stochastic indicator shows convergent pattern.
Recommendation: Buy limit at 0.7415