SubscribePair up again north of motion, after a course in the morning, he overcame the level of 8050 is not much down and had a good pulse, bulls resumed their attack and are a couple of the trend, now the pair again broke 8050 which gave a buy signal.
Thread: Eur/Gbp
Pair up again north of motion, after a course in the morning, he overcame the level of 8050 is not much down and had a good pulse, bulls resumed their attack and are a couple of the trend, now the pair again broke 8050 which gave a buy signal.
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If we look on the current candle on H4 time frame, the current candle is breaking the support level at 0.8039. If the current candle can close below this support level, it mean EURGBP has break this support and will open a chance for EURGBP to fall and reach the next support level at 0.8007. But if fail to break, EURGBP may rebound here
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Spoiler:
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
RECOMMENDATION: SELL
Take profit: 0.8005
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Eur/gbp technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:0.8147
resistance 2:0.8124
resistance 1:0.8088
pivot point :0.8065
support 1:0.8029
support 2:0.8006
support 3:0.7970
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Price fell down with high pressure so that make it back to weekly pivot level (0.8032). This condition contrast with previous day movement. If price remain under pressure, it can be tumbled to the lowest level in this week.
If we look on the current candle on H4 time frame, the current candle is breaking the support level at 0.8039. If the current candle can close below this support level, it mean EURGBP has break this support and will open a chance for EURGBP to fall and reach the next support level at 0.8007. But if fail to break, EURGBP may rebound here.
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Elliott: flat correction down 0.8002
Warning: Engulfing pattern
Technical points
Key point 0.8032
Entry point 0.8066
Elliott 0.8100
Closing 0.8051
Projection 0.8002
Trendline 0.8074
Trendline 0.8074
Supports / Resistances
Res 2 0.8121
Ex-High 0.8100
Res 1 0.8086
Pivot 0.8065
Sup 1 0.8030
Ex-Low 0.8043
Sup 2 0.8008
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eur gbp couple proven a very excellent indication of uptrend.. This couple has little level of resistance at various principles like 0.8035m 0.8060, 0.8080 .. but these level of resistance are not that powerful..I think this couple can be purchased from here...do not offer this couple for few more time.
EURGBP weak bullish prev close:0.8038 open:0.8066
days range:0.8060 - 0.8079
if the price can reach yesterday high, it posible to up 0.8114 watch out low area 0.8030
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On the daily chart today there was a retreat from the long-term resistance level of 8095-8100 (figure), MASD formed divergence, there was also bearish engulfing formation, it seems, and tomorrow we should expect a decreasing dynamics.
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