The currency pair EUR/GBP made yesterday a pullback on 0.8075 as resistance. The price continues to test this level.

We still advise to trade the pair outside the range 0.8075/0.81:

- Only long positions above 0.81. The breakout of 0.8125 will offer a new buy signal and will allow the price to pursuit its movement towards 0.82

- Only shot positions below 0.8075. The breakout of 0.8050 will give a new sell signal and should allow the price to reach the support at 0.8025.

The currency pair EUR/GBP has stumbled yesterday on the resistance at 0.8150 and broke this morning  its short term bullish slant (blue segment on the 1H chart). In the medium term, the price is still above its slant (brown segment).

I advise traders to trade only long positions as far as the price will be located above 0.81. The maintaining of the price above 0.8120 will strengthen this feeling bullish.
A break of 0.8150 would then give a new buy signal for bullish extension towards 0.8175 / 0.82.

In case of return of below 0.81, I would advise traders to wait for a break-down of 0.8075 before trading short positions.

The EUR/GBP pair has validated earlier this week the break of the short-term resistance at 0.8150, giving a new buy signal. The price is currently moving towards the next major resistance located at 0.82. Thepair is still moving between its medium term slant (brown segments) and its bullish slant short term (blue segments).

I advise traders to trade only long positions as far as the price will be located above 0.8150. The maintaining of the price above 0.8170 will strengthen this feeling bullish.
A break of 0.82 would then give a new buy signal for bullish extension towards 0.8225 / 0.8250.

In case of return of below 0.8150, I would advise traders to wait for a break-down of 0.8120 before trading short positions.

The pair EUR/GBP is now making appear three upward slants (brown segments visible on the 4h chart).
The price has just validated this morning a return below 0.8175, giving a sell signal and is currently moving towards the next bullish slant (support) and also towards the support at 0.8150.

I advise traders to trade the pair based on the key point at 0.8175:

- Only short positions below 0.8175. A break of 0.8150 will give a new sell signal for an extension of downtrend towards 0.8125 / 0.8100 or lower if these levels are broken down.

- Only long positions above 0.8175. A break of 0.82 will give a new buy signal for an extension bullish movement towards 0.8225 / 0.8250 or higher if these levels are broken up.

The pair EUR / GBP has found support at the end of last week on 0.81 and on its last bullish slant (3 brown segments on charts).After a return to the resistance at 0.8140, the price is falling this morning towards 0.81 and currently validating a return below 0.8125.

I advise traders to trade only short positions as far as the price will be located below 0.8150.
A return validated and the maintaining of the price below 0.8125 will consolidate our bearish sentiment. A downward break of 0.81 will give a strong sell signal for an extension of the downtrend towards 0.8075 / 50 or lower if these levels are broken down.

In case of return of above 0.8150 then I would advise traders to wait for a breakout of 0.8175 trading long positions.

The pair EUR / GBP has also benefited yesterday from the rise of the euro occurred during the speech of Mario Draghi (ECB President). The price has first validated a return above 0.8175 (buy signal) and then extended its rally and validated a bullish breakout of 0.82 (new buy signal). On this rally, the pair has also validated a return above the second medium-term bullish slant (brown segments on the chart). The pair is going to test the next resistance located at 0.8225 (high shaped at the end of December).

I advise traders to trade only long positions as far as will be located above 0.8175.
A stay above 0.82 will strengthen this bullish sentiment. Upward breaks of 0.8225 and 0.8250 will offer new buy signals for an extension of the bullish rally towards 0.8275 / 0.83.

In case of return below 0.8175, then I will advise traders to wait for the breakout of 0.8150 before trading short positions.

The pair EUR/GBP has relaunched yesterday its upward movement and validated a breakout of 0.8450, giving us a new buy signal. The price is trying this morning to break the resistance at 0.85 and is testing its short term bullish slant (blue segment on the 1h chart).

I advise traders to trade only long positions as far as the price is above 0.84.
A stay above 0.8450 will strengthen this bullish sentiment.
A break of 0.85 will give a new buy signal for an extension bullish movement towards 0.86 or higher if this level is also broken.

In case of return below 0.84,  then I will advise traders to wait a break of 0.8350 (return below the medium term bullish slant) before trading short positions.

The pair EUR/GBP felt sharply yesterday from 0.87 to its short-term bullish slants (purple line).The price tries to bounce back this morning.

I advise traders to remain flat on the pair as far as the price will be between 0.8550 and 0.86.
I would advise to wait an exit of this range to take position :

- Long is 0.86 is broken up. The upward breaks of 0.8650 and 0.87 would then offer new buy signals for an extension of the bullish movement.

- Short is 0.8550 is broken. The price should also validated the break out of its short term bullish slant. A break of 0.85 would give a new sell signal for an extension of the downtrend.

Like all pairs EUR / XXX, the pair EUR/GBP has started yesterday a powerful bearish rally.
The price has validated the breakout of the short-term bullish slant (purple line on charts).
The price is now moving below 0.8550 and the break of this level gave us a sell signal.
The rally stopped on a new bearish slant which give support (pink segment on the 1h chart).

I advise traders to trade the pair outside the range 0.8550 / 0.86:

Currently valid - Only short positions below 0.8550. A break of 0.85 would give a new sell signal for an extension of the downtrend.

- Only long positions above 0.86. A break of 0.8650 would give  a new buy signal for a return on 0.87

The pair EUR/GBP found support yesterday on 0.8450 and also on its last medium term bullish slant (brown lines on charts).
On the shorter term, the price is back on the upper band of its downtrend channel (pink lines).
The pair is currently attempting to validate an output of the channel and a return above 0.86

I advise traders to trade the pair outside the range 0.8550 / 0.86:

- Only short positions below 0.8550. A break of 0.85 would give a new sell signal for a return on 0.8450.

- Only long positions above 0.86. A break of 0.8650 would give  a new buy signal for a return on 0.87

The pair EUR/GBP started yesterday a powerful bullish rally.
The price has validated the breakout of 0.8650, giving a new buy signal.
The pair is currently testing the next resistance located at 0.87.

In the medium term, the price is still above its upward slants (blue line and brown line)
In the short term, the price deviates from its various downward slants (pink lines)

I advise traders to trade only long positions as far as 0.86 is support.
A stay above 0.8650 will strengthen this bullish sentiment.
A break of 0.87 would give a new buy signal for an extension of the bullish movement towards 0.8750 or above this level is also broken.

In case of return below 0.86, a sell signal will be given. Traders can then consider to return their positions and trade only short ones.

The pair EUR/GBP felt sharply on Monday from resistance at 0.88 to the support at 0.86.
This bearish rally has also found support on the medium term bullish slant (blue line on charts).
The price has faked yesterday a breakout 0.86 and has finally validate a return above 0.8650 this morning.

I advise traders to trade the pair outside the range 0.86 / 0.8650:

- Only long positions above 0.8650. Upward breaks of 0.87 and 0.8750 will offer new buy signals for a return to the resistance at 0.88.

- Only short positions below 0.86. Downward breaks  of 0.8550 and 0.85 would offer new sell signals for an extension of the downtrend towards the support located at 0.8450 (low formed on February 8th).