Thread: Eur/Gbp
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The currency pair Euro against the British pound started trading this morning, with the increased demand for the British pound, as today's economic data in Europe is not very uteshitelnye.Po pair lasts upward trend, this remains to be relevant to the objectives of buying 0.90240.
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time frame- m30
the stoch indicator is showing price is oversold and in the price chart it is also in the up trend direction. now it will making a pull up so up movement is continue expected. we can long this pair with the take profit at 0.8750 and stop loss below the support at 0.8700
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR/GBP pair is now up trend. The price already touched daily resistance 1 level (0.87254). I think the price may touch daily resistance 1 level (0.87480).
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Given a pair EUR/GBP on the H1 chart double top and came to the strong current of 0.8740 reversal, if we can break through even grow by 15-30 points and then turn around at the moment has already opened one transaction on sale, the first goal will be at the bottom 0.8635 then rolled back and reduced to the level of 0.8588
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today i like to buy this pair @ 0.8711
my stop loss of the day @ 0.8695
half take profit for today @ 0.8726
and further half take profit @ 0.8743
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Eur/gbp technical analysis
date : 07.31.2013
time : 03:45 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 51.56
2) MACD (26,12,9)
value: -0.0002
3) ADX (14)
value: 23.27
4)CCI(14)
value: -32.15
overall trend - slightly bullish.
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elliott flat correction up 0.8679 it may attempt a test higher to 0.8637 - 0.8655 after which weakness may set it to a drift down to below 0.8593 limit
support and resistances
res2 0.8681
res1 0.8655
piovt 0.8619
sup1 0.8593
sup2 0.8557
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