The pair EUR/GBP has validated yesterday a downward break of 0.85, giving us a new sell signal. The price is now into a short term downtrend channel (gray lines on the graphs). The pair is moving between the two central lines of the medium term bullish channel (blue lines more visible on previous an...
Mar 26 | Forextribe
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.
Feb 16, 2013 | Forextribe
The pair EUR/GBP felt on Friday and has validated the breakout of 0.85, offering us a new sell signal. The course has found support on 0.8450 and also on its last bullish slant (brown lines on the chart). On the short term, the price is now in a downtrend channel (pink lines).
Feb 12, 2013 | Forextribe
The pair EUR/GBP rebounded yesterday on its short term bullish slant (purple line). After a return above 0.86, the price extended its bullish rally and has validated the breakout of 0.8650. This morning, the price is testing this level as support.
Feb 07, 2013 | Forextribe
The pair EUR/GBP felt sharply yesterday from 0.87 to its short-term bullish slants (purple line).The price tries to bounce back this morning. I advise traders to remain flat on the pair as far as the price will be between 0.8550 and 0.86. I would advise to wait an exit of this range to take positio...
Feb 06, 2013 | Forextribe
The pair EUR/GBP made last friday a powerful bullish rally. The price has validated the upward breaks of 0.86 and 0.8650, offering us new buy signals. This rally was stopped on the next major resistance located at 0.87. This morning, the price is currently falling and validate a return below 0.8650.
Feb 05, 2013 | Forextribe
Consolidation range: EUR/GBP has been bullish so far in 2013, rallying from January's low of 0.8085 to 0. Since then, we had another couple of attempts fail to break the 0.8325 high. The RSI has also drifted lower between 40 and 60, reflective of consolidation momentum in the 1H time-frame. On the other side, there has been support shown near a previous resistance, at 0.
By Fan Yang | Jan 16, 2013 | FX Times
Correction: EUR/GBP has been bullish until it hit the 0.8225 level and fell back below 0.81 to about 0.8085. In the 4H chart, this correction killed the bullish momentum, and started to establish bearish momentum as the RSI reading fell to 30. However, price action still remains above the 200-SMA in this time-frame, and also above a rising trendline better seen in the daily chart.
By Fan Yang | Jan 11, 2013 | FX Times
The pair EUR/GBP has once again found support earlier this week on its latest bullish slant (3 brown segments on the chart). The price is back for the third time (triple top) on the resistance at 0.8160.
Jan 11, 2013 | Forextribe
The pair EUR / GBP has found support at the end of last week on 0.After a return to the resistance at 0.8140, the price is falling this morning towards 0.81 and currently validating a return below 0.8125.
Jan 07, 2013 | Forextribe
Correction channel: EUR/GBP found resistance around 0.8223 right after Christmas and fell to almost 0.81 by the end of 2012. The decline is against a bullish trend that has been developing since EUR/GBP was around 0.7755 in July. Price fell below the 200-hour simple moving average, and dragged the RSI below 30, signs of early bearish momentum developing.
By Fan Yang | Jan 03, 2013 | FX Times
The pair EUR/GBP has validated on Monday a downward break of 0.8150, giving a sell signal. After a pullback on the resistance at 0.8150 the pair is trying this morning to break 0.8125 on the downside.
Jan 03, 2013 | Forextribe