EUR/GBP Technical Analysis
(Euro / British Pound)


Our analyzes will not be updated during the month of August. The ForexTribe team is preparing the release of its new website named CentralCharts.
More information about CentralCharts?

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

Sentiment :
sentiment sur la parité AUD/USD
sentiment sur la parité AUD/USD
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*
Chart powered by:
ProRealTime Forex