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Commentary Of The Eur/gbp ParityTitle:
Technical analysis of the EUR/GBP parity on June 17th, 2010
Commentary of the EUR/GBP parity:
The parity found support on 0.83 for a rebound. The price is currently testing a break out of the resistance at 0.8350 and if validated, a new buy signal will be given. We maintain to trade only long positions as far as the price is above 0.8280.
See the previous analysis of the EUR/GBP parity of June 16th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 16th, 2010
Commentary of the EUR/GBP parity:
The parity is back above 0.83. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 0.8280. A break out of the resistance at 0.8350 will offer a new buy signal.
See the previous analysis of the EUR/GBP parity of June 15th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 15th, 2010
Commentary of the EUR/GBP parity:
The parity just broke the support at 0.83. Indicators stay globaly bullish. We stay neutral on the parity into the range 0.8250/0.83. We will wait an exit of this range to enter into the side of the break out :
- Long if 0.83 is broken
- Short if 0.8250 is broken.
See the previous analysis of the EUR/GBP parity of June 14th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 14th, 2010
Commentary of the EUR/GBP parity:
The break out of the resistance at 0.83 offered a buy signal. However, the parity didn't pursuit its bullish movement above 0.8350. Currently, the price is making a pullback on 0.83 as support. Indicators stay globaly bullish. As far as the price is above 0.83, we maintain to trade only long positions. The break out of 0.8350 will offer a new buy signal. If 0.83 is broken, we will stay neutral.
See the previous analysis of the EUR/GBP parity of June 11th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 11th, 2010
Commentary of the EUR/GBP parity:
The parity just broke its support at 0.8250. At its lowest, the parity reached the lowest of June 7th at 0.8211. Indicators are not showing a real pursuit of the movement. We stay neutral on the parity as far as the price is moving between 0.8211/0.83. If 0.8211 is broken, a new sell signal will be given.
See the previous analysis of the EUR/GBP parity of June 10th, 2010
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
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