EUR/GBP Technical Analysis (Euro / British Pound) - Forex
International Business Times
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February 16, 2013 1:52 AM EST

Forextribe
Updated the:
02/15/2013
EUR/GBP : Breakout of the bullish slant

Sentiment :
sentiment sur la parité AUD/USD
0,86
sentiment sur la parité AUD/USD
0,8550
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair EUR/GBP felt yesterday on the upper band of its short-term downtrend channel as support (pink lines on the 1h chart).
The price is back again this morning on this line and is trying to validate a return below 0.86.

In the medium term, the price is still above its bullish slants (blue line and brown line)

I advise traders to trade the pair outside the range 0.8550 / 0.86:

- Only short positions below 0.8550. A break of 0.85 would give a new sell signal for a return on 0.8450.

- Only long positions above 0.86. A break of 0.8650 would give  a new buy signal for a return on 0.87
Full analysis

Analysis published by Bruno, the 02/15/2013 at 09h30 GMT+2

- Complete sheet of the pair EUR/GBP - Previous EUR/GBP Analysis -
Chart of the pair EUR/GBP - Timeframe 1H
EUR/GBP Technical Analysis
Chart of the pair EUR/GBP - Timeframe 4H
EUR/GBP Technical Analysis
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