EUR/GBP Technical Analysis
(Euro / British Pound)

eurgbp
eurgbp


Updated the:
04/22/2014
EUR/GBP : Towards a bearish slant of the low of 2013

Sentiment :
sentiment sur la parité AUD/USD
0,8250
sentiment sur la parité AUD/USD
0,8233
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair EUR/GBP continues to evolve above the upper band of its short term bearish channel (pink lines).
The price is going to test the support at 0.82.
NB: On the long-term, the price moves within a bearish channel (purple lines on the daily chart)

I would advise traders to trade only short positions (sell) as far as the price is below 0.8233.
A break of 0.82 should allow the price to extend its bearish movement towards the yearly lows at 0.8165.

In case of return above 0.8233, i would then advise traders to wait for a breakout of 0.8250 before to trade long positions (buy). Objective 1: return on 0.8275.
Full analysis

Analysis published by Bruno, the 04/22/2014 at 11h00 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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