Thread: Eur/Gbp
The pair is moving on a short term bullish channel as we see on the included chart , after the last bearish motion the pair now is so close of the lower boundary of this channel , so i suggest to buy the pair now with stop loss below this boundary and with high target profit , Good Luck
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Support & Resistance 09/08/2012
Sup 1 : 0,7935
Sup 2 : 0,7974
Sup 3 : 0,8002
PIVOT : 0,7907
Res 1 : 0,7868
Res 2 : 0,7840
Res 3 : 0,7801
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the chart we can take the bearish trend in consideration due to the candle is close below pivot point at level 0.7907. as a result of that , the down direction is expected and the pair might head to level 0.7875
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bahe yae b aik bohat ahcha pair hy but muj khud yae sikna hy and bahe Victoryindia kia ap ny jo chart show kia hy wo mujy b sika skty ho kia
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not bad so rushed, the rate today is very much down, the pair approached the level of an inclined, as I expect from this level of formation of the northern correct, but if the course and it will burst, perhaps selling a small lot.
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Support & Resistance 08/08/2012
Sup 1 : 0,7955
Sup 2 : 0,7973
Sup 3 : 0,7939
PIVOT : 0,7939
Res 1 : 0,7920
Res 2 : 0,7905
Res 3 : 0,7886
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I continue to hold short position, the pair on the hourly chart has formed a converging triangle, lowering the peaks indicating the weakening of the Bulls, likely to be broken is the lower boundary of the triangle - the level of 7920.
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.7880 and key resistance at 0.8100. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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EURGBP has touched the support level at 0.7924
I think EURGBP will try to test that support level again today.
Then, if EURGBP can break that support, this pair may fall to the next support level at 0.7873
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For two days about a pair of consolidated long-term resistance level (on the daily chart), the chart that the price until much higher do not want to start up, and the trend is still in force (southern term) until I got on sale.
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