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Eur/gbp Finaly FakedTitle:
Technical analysis of the EUR/GBP pair on January 24th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked yesterday a return below 0.83 to finaly revalidate the breakout of the resistance at 0.8350 (buy signal).
The pair is still moving into its bearish channel (purple lines).
All indicators are now bullish.
We continue to advise long positions as far as 0.8350 is support.
The breakout of 0.84 and 0.8450 will both give a new buy signal.
In case of return below 0.8350, we will wait the breakout of 0.83 to advise short positions.
See the previous analysis of the EUR/GBP pair of January 23th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on October 27th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP finaly faked a breakout of 0.87.
The pair found support on 0.8675 to make a return above 0.87.
Currently, the pair is testing a breakout of 0.8750 and continues to move above its long term bearish slant (purple line).
All indicators are now bullish.
We maintain to trade the pair according to 0.87:
- Long above this level. The breakout of 0.8750 will give a new buy signal.
- Short below this level. The breakout of 0.8650 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of October 26th, 2011
EUR/GBP Analysis
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