EUR/GBP Support and Resistance 27/11/2012
S3 0.8047 S2 0.8067 S1 0.8088
R1 0.8118 R2 0.8138 R3 0.8158
indicators:
MACD(26,12,9):Neutral
CCI(14) :sell
MOMENTUM(10) :buy
EUR/GBP Support and Resistance 27/11/2012
S3 0.8047 S2 0.8067 S1 0.8088
R1 0.8118 R2 0.8138 R3 0.8158
indicators:
MACD(26,12,9):Neutral
CCI(14) :sell
MOMENTUM(10) :buy
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Just now there is a breakthrough series of fractal levels of support, the pair still strayed from 8100 figures, as a change of trend (capacity below the moving alligator), my first goal - to support 8050.
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On an extremely technical basis most Oracle developers in India are aware that both cursor and ref cursor are the same. They are both kind of cursors that can be processed in the same manner. Some of the salient differences that exists between and regular cursors are as follows:It is
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INTRADAY TRADING SIGNAL
EURGBP H1
My long term analysis expecting that EURGBP has now reached its maximum uptrend level. We shall expect the price to slowly falling down from this current level, at least up to my 61.8 fibo level, which is located at 0.80571.
Plus, there's a huge sell force on this current H4 candlestick, which from my point of view, indicates that there's a high possibility for the price to continue further to south.
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On H1 chart, EURGBP formed flag pattern and hit the support 0.8078 now.
We need to see the price action from this level. If it can breakout then it will confirm strong bearish otherwise back to bullish again.
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Any does not let a couple of bears eur / gbp above 8100 figures, a couple of long fought against it and eventually came back to the support of 8070, while the need to wait for an exit out of the current lateral canal, most likely breakdown occurs just south of its border - 8070, and then I will sell.
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INTRADAY TRADING SIGNAL
EURGBP H1
Like EURAUD, EURGBP has broke down the lower rising wedge line. It's expected for the price to continue falling down following the signal from the broke down, at least up to 0.8073.
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EUR aur GBP forex trading ke pair hai jo ke bhot tazzey se up down hote hai main aksar in per hi trading karta hon aur zeyada tar in dono se profit hi earn karta hon.EUR & GBP is the best pair in forex.
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With 0.8042 minor support intact, rebound from 0.7959 might extend further. But we'd expect the cross to continue to lose upside moment. And, we'd expect some resistance from 0.8164 to limit upside and bring another decline to retest 0.7959. Below 0.8042 minor support will turn bias back to the downside.
In the bigger picture, price actions from 0.9799 are treated as a long term consolidation pattern with fall from 0.9083 as the third leg. Strong support is expected inside 0.7693/8186 support zone to conclude the consolidation. No change in this view. The corrective look of the rebound from 0.7755 argues that another low could be seen in EUR/GBP before the correction completes. Though, we'd look for reversal signal again as it approaches 0.7693. Meanwhile, sustained break of 0.8164 would likely have 55 weeks EMA firmly taken out and would have bullish implications.
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The EURGBP on still look sideways bellow that strong resistance 0.8108. So just wait and see. And then - truly, as long as the price here can not move up again more to that resistance 0.8108 . this can be a nice probably pullback to bearish, I see (if supported by nice bearish candle then)
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