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Analysis Of The Eur/gbp Parity

Title: Technical analysis of the EUR/GBP parity on June 10th, 2010
Commentary of the EUR/GBP parity: The parity tested again the support at 0.8250. Indicators are mixed. We maintain to trade only short positions as far as the price is below 0.83. A break out of 0.8250 will offer a new sell signal. See the previous analysis of the EUR/GBP parity of June 9th, 2010

Title: Technical analysis of the EUR/GBP parity on June 9th, 2010
Commentary of the EUR/GBP parity: The parity just fake a break out of 0.8250. Then, the price made a rebound and found resistance on 0.83. This rebound allowed the price to break its bearish slant (dotted purple line). Currently, indicators are mixed. We maintain to trade only short positions as far as the price is below 0.83. A break out 0.8250 will offer a new sell signal. See the previous analysis of the EUR/GBP parity of June 8th, 2010

Title: Technical analysis of the EUR/GBP parity on June 8th, 2010
Commentary of the EUR/GBP parity: The parity continues to move below its bearish slant (dotted purple line). All indicators are bearish. The price is currently testing a break out of the support at 0.8250. We maintain to trade only short positions as far as the price is below its slant or below 0.83. See the previous analysis of the EUR/GBP parity of June 7th, 2010

Title: Technical analysis of the EUR/GBP parity on June 7th, 2010
Commentary of the EUR/GBP parity: The parity continues to move below its bearish slant (dotted purple line). All indicators are bearish. The price is currently testing 0.8250 as support. 0.83 is resistance. We maintain to trade only short positions as far as the price is below its slant or below 0.83. See the previous analysis of the EUR/GBP parity of June 4th, 2010

Title: Technical analysis of the EUR/GBP parity on June 4th, 2010
Commentary of the EUR/GBP parity: The parity continues to move below its bearish slant (dotted purple line). Indicators are globaly neutral or bearish. The price is currently testing for the second time the support just above 0.83. We maintain to trade only short positions as far as the price is below the last highest at 0.8380. A break out of 0.83 will offer a new sell signal. See the previous analysis of the EUR/GBP parity of June 3rd, 2010

Title: Technical analysis of the EUR/GBP parity on June 3rd, 2010
Commentary of the EUR/GBP parity: The parity reached 0.8380 at its highest on its correction. The price seems now to give some signs of reversal. All indicators are still bearish. The price is now moving below a bearish slant (dotted purple line). As far as the price is below 0.84, we maintain to trade only short positions. A break out of 0.83 will give a new sell signal. See the previous analysis of the EUR/GBP parity of June 2nd, 2010

Title: Technical analysis of the EUR/GBP parity on June 2nd, 2010
Commentary of the EUR/GBP parity: The parity well pursuit its bearish movement. All indicators are bearish. The price is currently testing the support at 0.83. As far as the price is below 0.8350, we maintain to trade only short positions. A break out of 0.83 will give a new sell signal. However, if 0.8350 is broken, a pullback on 0.8450 (now resistance) is open. See the previous analysis of the EUR/GBP parity of June 1st, 2010

Title: Technical analysis of the EUR/GBP parity on June 1st, 2010
Commentary of the EUR/GBP parity: The parity just broke the support at 0.8450. A sell signal has been given. All indicators are now bearish. We maintain to trade only short positions as far as the price is below 0.8450. See the previous analysis of the EUR/GBP parity of May 31th, 2010

Title: Technical analysis of the EUR/GBP parity on May 31th, 2010
Commentary of the EUR/GBP parity: The parity didn't succeed to break out the resistance at 0.8550. Then, a return on the supports at 0.85/0.8450 has been made. Indicators are mixed. As far as 0.8450 is support, a return on 0.8550 is possible but without a real trend. So, we stay neutral between 00.8450/0.86. We will wait an exit of this range to enter into the side of the break out. See the previous analysis of the EUR/GBP parity of May 28th, 2010



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