Thread: Eur/Gbp
EUR / GBP has fluctuate around the level of 0.8030 then up significantly after touching SMA 55 for up to 0.8060 levels exceed targets
May occur now some bearish correction to retest levels piercing described the image and also the presence of some saturation on stochastic
But the pair closest to rise as long as the 0.8035 level did not exceed
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Eur/gbp technical analysis for 05.10.2012 by using : Auto pivot indicator.
resistance 3:0.8089
resistance 2:0.8071
resistance 1:0.8056
pivot point :0.8038
support 1:0.8023
support 2:0.8005
support 3:0.7990
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Spoiler:
On the H4 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
50 RSI is above 50 indicates area trend is still up
Options: BUY
Take profit: 0.8100
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The market price of EUR/GBP isnow at 0.8828 the range between 0.8788 - 0.8853 to still moved ,
EURGBP probably will continue back with an uptrend , and the target at 0.8920 but price must be breakout 0.8853 .
---------- Post added at 01:31 PM ---------- Previous post was at 01:31 PM ----------
The market price of EUR/GBP is now at 0.8828 the range between 0.8788 - 0.8853 to still moved ,
EURGBP probably will continue back with an uptrend , and the target at 0.8920 but price must be breakout 0.8853 .
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EURGBP is moving around the resistance level at 0.8042 now. I think EURGBP still in bullish movement until now. Then, if EURGBP can break 0.8042 resistance level and also break the yesterday's high, I think the bullish movement will continue
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EUR/GBP technical analysis for 06.10.2012 by using : Fibonacci tool. It is all time frame. Enjoy it.
Resistance 3: 0.8055
Resistance 2: 0.8041
Resistance 1: 0.8032
Pivot: 0.8018
Support 1: 0.8004
Support 2: 0.7995
Support 3: 0.7981
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These resistance are not that strong. I think this pair can be bought from here...do not sell this pair for few more hour. If EURGBP in next movement still not able to going down and breakout............
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0.8027 resistance point to point termination price gains in the action that happened yesterday. Now that the action makes the purchase prices stop rising prices resulted in a sideways pattern. i expected record highs can be achieved today given the upward trend is still quite strong.
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On the H1 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
50 RSI is above 50 indicates area trend is still up
Options: BUY
Take profit: 0.8067
Last edited by VANDA_S; 2012-10-04 at 07:22 PM.
The pair continued EUR / GBP to penetrate the high levels of 0.8032 and closed above
Unexpected rise further supported by the SMA 55 and the presence of some positive stochastic have Tgla price up to 0.8060
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