EUR/GBP Technical Analysis
(Euro / British Pound)

eurgbp
eurgbp


Information
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Updated the:
07/17/2014
EUR/GBP : Towards a bearish slant of the low of 2013

Sentiment :
sentiment sur la parité AUD/USD
0,7935
sentiment sur la parité AUD/USD
0,7918
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair EUR/GBP stumbled before yesterday on the lower line (pullback) to of its medium term downtrend channel  (black lines on the graphs) before to restart a powerful bearish rally.
On this rally, the price has validated an output of its short-term bullish channel (blue lines on the 1H) and has recorded this morning a new low 2013/2014 to 0.7890.

I would advise traders to trade only short positions (sell) as far as the price is below 0.7918.
A break of 0.7890 will offer a new sell signal for an extension of the bearish rally towards the low of 2012 to 0.78.

In case of return above 0.7918, i would then advise traders to wait for a breakout of 0.7935 before to trade Long positions (purchase) on EUR/GBP. Objective 1: new pullback on the support line (resistance) of the channel (black lines) to 0.7950.
Full analysis

Analysis published by Bruno, the 07/17/2014 at 10h15 GMT+2

Chart of the pair EUR/GBP - Timeframe 1H
EUR/GBP Technical Analysis

Chart of the pair EUR/GBP - Timeframe 4H
EUR/GBP Technical Analysis

Live EUR/GBP Chart - Timeframe : 1H*
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