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EUR/GBP Technical Analysis
(Euro / British Pound)

eurgbp
eurgbp


Updated the:
05/16/2013
EUR/GBP : Return below 0.85 - Short term bearish channel

Sentiment :
sentiment sur la parité AUD/USD
0,85
sentiment sur la parité AUD/USD
0,85
sentiment sur la parité AUD/USD
--- Follow up analysis ---

The pair EUR/GBP has faked before yesterday a return above 0.85.
Then, the price has felt towards the support at 0.8450.
This morning, the pair continues to test thi support for a rebound.

The short-term bearish channel (brown lines) is no longer valid.

I advise traders to trade only short positions as far as 0.85 is resistance.
A return below 0.8450 will consolidate our bearish sentiment.
A break of 0.84 will offer a new sell signal for an extension of the downtrend towards 0.8350 or lower if this level is also broken.

In case of return above 0.85, long positions will be then advised. Towards 0.85, be careful to the first center line of the medium term bullish channel that could act as resistance.
Full analysis

Analysis published by Bruno, the 05/16/2013 at 10h30 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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