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EUR/GBP : Breakout of the bullish slant


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#1 ⇑ Haut ⇑ 07-12-2012 10:19:43

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EUR/GBP : Breakout of the bullish slant

The currency pair EUR/GBP has validated yesterday the breakout of its medium term bullish slant (brown line). This morning, the price continues its bearish rally and has just validted the breakout of 0.8075, offering a sell signal.

We 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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07122012-2.png







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#2 ⇑ Haut ⇑ 12-12-2012 12:36:39

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-12122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-12122012-2.png




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#3 ⇑ Haut ⇑ 14-12-2012 11:24:47

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Re: EUR/GBP : Breakout of the bullish slant

The currency pair EUR/GBP has validated yesterday a return above 0.81, offering a buy signal.
The price is over a new medium-term bullish slant (brown segment).
In the shorter term, another bullish slant appears (blue segment on the 1h chart).

I advise traders to trade the pair outside the range 0.8075 / 0.81:

- Only long positions above 0.81. A break of 0.8125 would give then a new buy signal for bullish extension towards 0.8150 or higher if resistance is also broken up.

- Only short positions in 0.8075. A break of 0.8050 would give then a new sell signal for an extension of the bearish movement towards 0.8025 / 0.80.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-14122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-14122012-2.png




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#4 ⇑ Haut ⇑ 17-12-2012 12:43:44

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-17122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-17122012-2.png




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#5 ⇑ Haut ⇑ 20-12-2012 11:38:49

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP faked yesterday a break-up of the resistance located at 0.8150. The price is currently moving between the support at 0.8120 and the resistance at 0.8150.
On the short term, there is no active draws. The price is still moving between its two medium term slants (brown segments) and below a short term bullish slant (blue 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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-20122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-20122012-2.png




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#6 ⇑ Haut ⇑ 26-12-2012 10:51:28

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-26122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-26122012-2.png




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#7 ⇑ Haut ⇑ 28-12-2012 10:11:42

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP has validated yesterday a breakout of 0.82, giving a new buy signal.
The price currently stumbles on the next resistance located at 0.8225.

The pair is now above its long-term bullish slant (blue line on the chart).
On the shorter term, a new bullish slant has appeared (dark blue segment on the 1h chart).

I advise traders to trade only long positions as far as the price will be located above 0.8175. The maintaining of the price above 0.82 will strengthen this feeling bullish.
A break of 0.8225 will then give a new buy signal for bullish extension towards 0.8250.

In case of return of below 0.8175, a sell signal will be given and traders could trade only short positions.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-28122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-28122012-2.png




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#8 ⇑ Haut ⇑ 31-12-2012 10:39:41

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-31122012.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-31122012-2.png




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#9 ⇑ Haut ⇑ 02-01-2013 10:47:44

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP has validated on Monday a downward break of 0.8150, giving a sell signal. On this bearish rally, the price also validated a break-down of the second medium-term bullish slant (brown segments visible on 4H chart). After a pullback on the resistance at 0.8150 the pair is trying this morning to break 0.8125 on the downside.

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

- Only short positions below 0.8175. The maintaining of the price below 0.8150 will comfort our bearish sentiment. A break of 0.8125 will give a new sell signal for an extension of downtrend towards 0.8100 / 0.8075 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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-02012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-02012013-2.png




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#10 ⇑ Haut ⇑ 07-01-2013 11:11:45

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07012013-2.png




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#11 ⇑ Haut ⇑ 10-01-2013 10:57:43

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP has once again found support earlier this week on its latest bullish slant (3 brown segments on the chart). The price is back for the third time (triple top) on the resistance at 0.8160.

I advise traders to remain flat on the pair as far as the price will be between 0.8150 / 0.8175.
I advise to wait an exit of this range to take position:

- Short positions if 0.8150 is broken. A break of 0.8125 will give a new sell signal for an extension of the downtrend towards 0.81 or lower if support is also broken.
Be careful to the last bullish slant which could still be support for a rebound.

- Long if the price breaks 0.8175. A break of 0.82 will give then a new buy signal for a return on the highest at 0.8225 or above this level is also broken.
Be careful to the second bullish slant that could act as resistance.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-10012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-10012013-2.png




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#12 ⇑ Haut ⇑ 11-01-2013 10:58:59

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-11012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-11012013-2.png




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#13 ⇑ Haut ⇑ 22-01-2013 10:46:17

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR / GBP continues its upward trend and has validated yesterday a breakout of 0.84,giving a new buy signal. The price is now over a new short-term bullish slant (blue segment on the 1h chart). The pair gradually moves away from all others medium term upward slants (4h chart).

I advise traders to trade only long positions as far as the price is above 0.8350.
A stay above 0.84 will strengthen this bullish sentiment.
A break of 0.8450 will give a new buy signal for an extension bullish movement towards 0.85 or higher if this level is also broken.

In case of return below 0.8350,  then I will advise traders to wait a break of 0.83 before trading short positions.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-22012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-22012013-2.png




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#14 ⇑ Haut ⇑ 25-01-2013 11:12:42

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-25012013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-25012013-2.png




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#15 ⇑ Haut ⇑ 04-02-2013 11:46:17

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP made last friday a powerful bullish rally.
The price has validated the upward breaks of 0.86 and 0.8650, offering us new buy signals.
This rally was stopped on the next major resistance located at 0.87.
This morning, the price is currently falling and validate a return below 0.8650.
The pair is still away from itsshort term bullish slant (purple line on charts).

I advise traders to trade only long positions as far as the price is above 0.86.
A return above 0.8650 will strengthen this bullish sentiment.
A break of 0.87 will give a new buy signal for an extension bullish movement towards 0.88 or higher if this level is also broken.

In case of return below 0.86,  then I will advise traders to wait a break of 0.8550 (breakout of the short term bullish slant) before trading short positions.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-04022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-04022013-2.png




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#16 ⇑ Haut ⇑ 05-02-2013 10:08:21

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-05022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-05022013-2.png




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#17 ⇑ Haut ⇑ 06-02-2013 10:03:02

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP rebounded yesterday on its short term bullish slant (purple line).
After a return above 0.86, the price extended its bullish rally and has validated the breakout of 0.8650. This morning, the price is testing this level as support.

I advise traders to trade only long positions as far as the price will be located above 0.86.
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.

In case of return below 0.86 (level of the short-term bullish slant) then I would advise traders to wait for a break of 0.8550 before trading short positions.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-06022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-06022013-2.png




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#18 ⇑ Haut ⇑ 08-02-2013 12:16:05

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Re: EUR/GBP : Breakout of the bullish slant

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


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-08022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-08022013-2.png




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#19 ⇑ Haut ⇑ 11-02-2013 09:59:16

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP felt on Friday and has validated the breakout of 0.85, offering us a new sell signal. The course has found support on 0.8450 and also on its last bullish slant (brown lines on the chart). On the short term, the price is now in a downtrend channel (pink lines).

I advise traders to trade only short positions as far as the price will be located below 0.8550.
A stay below 0.85 will consolidate our bearish sentiment. Downward breaks of 0.8450 and 0.84 would then offer new sell signals for an extension of the downtrend.

In case of return of above 0.8550 then I would advise traders to wait for a breakout of 0.86 before trading long positions.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-11022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-11022013-2.png




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#20 ⇑ Haut ⇑ 13-02-2013 11:23:37

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Re: EUR/GBP : Breakout of the bullish slant

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


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-13022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-13022013-2.png




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#21 ⇑ Haut ⇑ 15-02-2013 10:02:28

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP felt yesterday on the upper band of its short-term downtrend channel as support (pink lines on the 1h chart).
The price is back again this morning on this line and is trying to validate a return below 0.86.

In the medium term, the price is still above its bullish slants (blue line and brown line)

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


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-15022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-15022013-2.png




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#22 ⇑ Haut ⇑ 20-02-2013 09:30:43

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Re: EUR/GBP : Breakout of the bullish slant

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.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-20022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-20022013-2.png




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#23 ⇑ Haut ⇑ 21-02-2013 10:00:06

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP has validated yesterday a breakout of 0.87 with a new buy signal.
The course has stumbled on the next resistance located at 0.8750 and is testing hard this level this morning.

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 0.8650 is support.
A stay above 0.87 will strengthen this bullish sentiment.
A break of 0.8750 would give a new buy signal for an extension of the bullish movement towards 0.88 or above this level is also broken.

In case of return below 0.8650,we will be neutral between this level and 0.86.


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-21022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-21022013-2.png




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#24 ⇑ Haut ⇑ 27-02-2013 09:51:33

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Re: EUR/GBP : Breakout of the bullish slant

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).


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-27022013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-27022013-2.png




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#25 ⇑ Haut ⇑ 07-03-2013 09:43:11

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Re: EUR/GBP : Breakout of the bullish slant

The pair EUR/GBP has moved during many days in the neutral zone between 0.86 and 0.8650.
By moving horizontaly, the pair broke its last bullish slant (dark blue line on charts - best seen in previous analysis).
The course attempts to resume its bullish movement this morning and just validate a return above 0.8650.

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).


EUR/GBP 1h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07032013.png

EUR/GBP 4h chart

http://www.tribuforex.fr/analyses/FOREX/eurgbp-07032013-2.png




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