The last trading day the exchange rate fell sharply below, again falling trend line. We expect euro / gbp will be further lowered near the 0.8210 level, suggested that the rebound in sales.
Sell stop near 0.8240, 30 points, 50 points of profit
Thread: Eur/Gbp
The last trading day the exchange rate fell sharply below, again falling trend line. We expect euro / gbp will be further lowered near the 0.8210 level, suggested that the rebound in sales.
Sell stop near 0.8240, 30 points, 50 points of profit
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Daily analysis for EURGBP 17-04-2014
Market should not go lower than 0.8223 - 0.8207. After this move down it should go up to 0.8247 - 0.8256 area.
Key Point 0.8219
Entry Point 0.8238
Trendline 1 0.8264
Trendline 2 0.8254
Support 1 0.8207
Support 2 0.8190
Resistance 1 0.8256
Resistance 2 0.8286
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Trading analysis for 17th April, 2014. In Daily chart EURGBP shows bearish trend. At present the price is below the pivot point and coming towards the 1st support level. If it breaks 1st support level then it goes further downside.
Pivot: 0.82358
Resistance levels
R1 0.82528
R2 0.82830
R3 0.83000
R4 0.83169
Support levels
S1 0.82056
S2 0.81886
S3 0.81584
S4 0.81281
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Daily analysis for EURGBP
EURGBP elongated flat correction down 0.8182, No Pivot Points have been reached.
Elliott 0.8310
Closing 0.8225
Ex-Low 0.8220
Ex-High 0.8268
Support 1 0.8208
Support 2 0.8190
Resistance 1 0.8257
Resistance 2 0.8287
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EURGBP still moving in a bearish movement and has broken the support level at 0.8226 successfully. Now, I think EURGBP will continue the bearish movement and the next target is at 0.8200 as the next support level of EURGBP today.
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analysis for today 4 / 17 / 2014
EUR/GBP
Resistance : R1 0.8288 R2 0.8313 R3 0.8333 R4 0.8363
Support : S1 0.8151 S2 0.8126 S3 0.8106 S4 0.8076
Open : 0.8224
High : 0.8226
Low : 0.8213
Range : 13 Pips
Running Price : 0.8219
Strategy : SELL at the level 0.8219 stop loss at the level 0.8288 target take profit at the level 0.8106 or at the level 0.8076
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Trading analysis for 16th April, 2014. In Daily chart EURGBP shows bearish trend. At present the price breaks 1st support level. Next strong support level is 0.81807.
Pivot: 0.82604
Resistance levels
R1 0.82763
R2 0.82976
R3 0.83135
R4 0.83295
Support levels
S1 0.82391
S2 0.82232
S3 0.82019
S4 0.81807
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Daily analysis for EURGBP 16-04-2014
EURGBP looks set to visit further lower territory down to around 0.8252 - 0.8241. Its corrective attempts should fail ahead of 0.8271 or 0.8279. Stop loss above 0.8300 zone.
Key Point 0.8259
Entry Point 0.8264
Trendline 1 0.8271
Trendline 2 0.8283
Support 1 0.8241
Support 2 0.8224
Resistance 1 0.8279
Resistance 2 0.8300
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The pair EUR / GBP decline continued yesterday and the pair fell to the level of support in the 0.8243 price, but not tested this level has risen, and the stochastic oscillator on H1 chart indicates the continuation of decrease in pair to support in low and below 08243 to 0.8220.
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EURGBP is moving around 0.8252 and I think basically this pair still in bearish condition. Then, if EURGBP can fall and breaks 0.8252 support level, this pair may continue falling to the next support level at around 0.8226. But if EURGBP can be rejected by this support, this pair may rebound to the resistance level at 0.8278.
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