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EUR/GBP : Bullish rally after the exit of the bearish channel
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#1 ⇑ Haut ⇑ 15-11-2012 11:25:38
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EUR/GBP : Bullish rally after the exit of the bearish channel
The pair EUR/GBP has validated yesterday an exit of its bearish channel (brown lines) and a bullish rally has followed. The price is curently testing the resistance at 0.8050.
We advise to trade the pair outside the range 0.8025/0.8050:
- Only long positions above 0.8050. The breakout of 0.8075 will offer a new buy signal and will allow the price to pursuit its movement towards 0.81
- Only shot positions below 0.8025. The breakout of 0.80 will give a new sell signal and should allow the price to reach the support at 0.8075.
We advise to trade the pair outside the range 0.8025/0.8050:
- Only long positions above 0.8050. The breakout of 0.8075 will offer a new buy signal and will allow the price to pursuit its movement towards 0.81
- Only shot positions below 0.8025. The breakout of 0.80 will give a new sell signal and should allow the price to reach the support at 0.8075.
EUR/GBP 1h chart
EUR/GBP 4h chart
#2 ⇑ Haut ⇑ 27-11-2012 11:16:28
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Re: EUR/GBP : Bullish rally after the exit of the bearish channel
The pair EUR/GBP has faked several false breakouts of the resistance at 0.81. The price found resistance each time, pushed back also by the medium term bullish slant in extension (blue line). The pair is now moving towards 0.8075.
We continue to advise long positions as far as 0.8075 is support. The breakout of 0.81 will give a new buy signal and will allow the price to reach 0.8125.
In case of return below 0.8075, we will wait the breakout of 0.8050 to advise short positions.
We continue to advise long positions as far as 0.8075 is support. The breakout of 0.81 will give a new buy signal and will allow the price to reach 0.8125.
In case of return below 0.8075, we will wait the breakout of 0.8050 to advise short positions.
EUR/GBP 1h chart
EUR/GBP 4h chart
#3 ⇑ Haut ⇑ 29-11-2012 10:18:54
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Re: EUR/GBP : Bullish rally after the exit of the bearish channel
The pair EUR/GBP is now moving above a short term bullish slant (brown line) and is still moving below its medium term bullish slant who act as resistance (blue line). The price is currently testing the resistance at 81.
We continue to advise long positions as far as 0.8075 is support. The breakout of 0.81 will give a new buy signal and will allow the price to reach 0.8125.
In case of return below 0.8075, we will wait the breakout of 0.8050 to advise short positions.
We continue to advise long positions as far as 0.8075 is support. The breakout of 0.81 will give a new buy signal and will allow the price to reach 0.8125.
In case of return below 0.8075, we will wait the breakout of 0.8050 to advise short positions.
EUR/GBP 1h chart
EUR/GBP 4h chart
#4 ⇑ Haut ⇑ 03-12-2012 10:07:14
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Re: EUR/GBP : Bullish rally after the exit of the bearish channel
The pair EUR/GBP has again found resistance on its medium term bullish slant (blue line - see last analysis for a better understanding). The price is still moving above its short term bullish slant (brown line) and is currently testing a breakout of 0.81.
We still advise to trade only long positions as far as 0.81 is support. The breakouts of 0.8125 and 0.8150 will both give a new buy signals and should open the way towards 0.82. Be careful, the medium term slant could again act as resistance.
In case of return below 0.81, we will be neutral between this level and 0.8075.
We still advise to trade only long positions as far as 0.81 is support. The breakouts of 0.8125 and 0.8150 will both give a new buy signals and should open the way towards 0.82. Be careful, the medium term slant could again act as resistance.
In case of return below 0.81, we will be neutral between this level and 0.8075.
EUR/GBP 1h chart
EUR/GBP 4h chart
#5 ⇑ Haut ⇑ 06-12-2012 10:31:46
- Bruno
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Re: EUR/GBP : Bullish rally after the exit of the bearish channel
The resistance at 0.8150 has almost been reached but the currency pair EUR/GBP has again found resistance on its medium term bullish slant (blue line). The price is currently testing its short term slant (brown line).
We still advise to trade only long positions as far as 0.81 is support. A return above 0.8125 will comfort our bullish feeling.The breakout of 0.8150 will give a new buy signals and should open the way towards 0.82. Be careful, the medium term slant could again act as resistance.
In case of return below 0.81, we will be neutral between this level and 0.8075.
We still advise to trade only long positions as far as 0.81 is support. A return above 0.8125 will comfort our bullish feeling.The breakout of 0.8150 will give a new buy signals and should open the way towards 0.82. Be careful, the medium term slant could again act as resistance.
In case of return below 0.81, we will be neutral between this level and 0.8075.
EUR/GBP 1h chart
EUR/GBP 4h chart
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EUR/GBP : Bullish rally after the exit of the bearish channel
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