Eur/Gbp

[mehenni]

elongated flat correction down 0.7837It is likely to fall towards 0.7871 - 0.7860 as its corrective rally could falter in 0.7893 - 0.7904 area. Stop above 0.7926 zone.
Supports and Resistance levels

Support 1 0.7860
Support 2 0.7839
Resistance 1 0.7904
Resistance 2 0.7926

[monta]

cci(14) : -99.260

bulls (13) : -0.000

i see the in pair down trend

so i will sell from : 0.7853

and my target today is : 0.7653

good luck

[hmmo]

Vestro indicator is showing a bullish saturation on its last move on the EURGBP chart then a bearish trend is now expected for the current day Now when using MBFX indicator to analyze the market moves you can see that the price currently at the balanced level 0.7862 which is appears as blue on the chart As I think about bearish trend I can consider selling the pair today as long as it did not make a closed candle above 0.7869 level and of course no bearish saturation occurs on vestro indicator In this case using level 0.7855 as take profit should be good while you can use 0.7869 as your stop level

[samoo]

Depending on what I saw till now on the EURGBP chart I can say without doubt that the price might be taking a south direction for a while and that�s because of the bearish cross between the 2 EMAs 9 and 152.
According to the Histogram indicator a red line is formed for the last candle which means nothing other than a bearish signal A bearish signal is formed due to the guru indicator which is known as the line is below the level 0 and the last bar is red as well In the end I must say that there is sell signal on the Market emotion indicator for now that�s when we can think about acting with a bearish trend with the upcoming candles Summing all that up we get the conclusion that it will be better to take the selling side according to these conditions and the level 0.78 could be acting as a great take profit since it�s the nearest support to the current price

[troykilson]

by viewing the EURGBP chart of the day we conclude that strong bearish trend happened due to the blade oscillator of value 0.0006 located below the balance level of the indicator which shows a red signal to conclude a strong indication that a bearish direction happen on the short run. By the way the moving average 5 on the chart giving us a down indication then the top placed at price 0.7871 can be taken as a stop loss point for the sell orders given by the indicators that we deal with them.

[maggie]

While monitoring the EURGBP I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
The Nolog dot indicator giving us a red colored dot indicating that a sell signal should be taking place soon.
A strong bearish trend is indicated by the signals encouraging us to take sell trades but that of course as long as there is no changes on the signals.
In order to be safe we should think of the best position to act as our stop loss I believe the resistance located at the price 0.788 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend�s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.

[mary]

Obviously in front of us on the EURGBP chart we can clearly see that there is a down trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located below the 35 EMA.
From the looks of it making sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators.
Also there are dots located above the candlesticks from the parabolic sar indicators showing us a downward direction adding to that the downward signal formed by the cci line when it got located at the lower level.
Also to be sure we get a sell signal from the MACD indicator as it was moving below the level 0.
So In the end I do think selling would work greatly for me according to what we witnessed up till now unless an opposite bullish signal appears.
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[clark]

According to the position of the price at the moment which is currently in a position upper than the 15 EMA line there is a good chance for a bullish trend to be taking place today on the EURGBP chart.
There is a small chance for the bullish trend to take place according to the signals appearing by the power momentum indicator which is a great tool to filter the buy positions we are about to enter.
As for the power line indicator which is showing a downward direction signal due to its position which is below the 50 level at this moment.
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[achyut]

Daily forecast: EURGBP 31 Oct. 2014.

Technical analysis for Daily forecast of EURGBP 31 October, 2014. In Daily chart EURGBP shows bearish trend. At present EURGBP below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 0.77958.

Pivot: 0.78808

Resistance levels

R1 0.79022
R2 0.79234
R3 0.79448
R4 0.79662

Support levels

S1 0.78596
S2 0.78382
S3 0.78170
S4 0.77958

[wench]

the red dots appearing above the candle bars indicates that the price today is going to be heading downward depending on the price�s position we are going to determine where the price would be heading so if the price remained in its position lower than 0.792 which act as a strong resistance at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading south only till it meets the next weekly pivot support at 0.7849 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 0.792 and headed for the opposite direction then I do believe that the price in this condition would be heading north until it reaches the price 0.7966 which is the next resistance and the next pivot level of the week.
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