EUR/GBP Technical Analysis
(Euro / British Pound)

eurgbp
eurgbp


Updated the:
04/17/2014
EUR/GBP : Towards a bearish slant of the low of 2013

Sentiment :
sentiment sur la parité AUD/USD
0,8275
sentiment sur la parité AUD/USD
0,8250
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair EUR/GBP made last Friday a new pullback on the lower band of its medium term bullish channel (blue lines).
Since the re- opening on a bearish gap, the price is falling.
The pair is now moving into a new short term downtrend channel (new pink lines).

I would advise traders to trade only short positions (sell) as far as the price is below 0.8250.
A break of 0.8215 should allow the price to extend its bearish rally to the next support at 0.82.

In case of return above 0.8250, i would then advise traders to wait for a breakout of 0.8275 before to trade long positions (buy). Objective 1: return on 0.83.
Full analysis

Analysis published by Bruno, the 04/17/2014 at 10h00 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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