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Eur/gbp Parity The ParityTitle:
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
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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
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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
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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
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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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Technical analysis of the EUR/GBP parity on May 28th, 2010
Commentary of the EUR/GBP parity:
The parity reached its support at 0.8450 (lowest of May 6th and 12th), but didn't succeed to break this level. The price is now making a rebound and is back above 0.85. Indicators stay globaly bearish. As far as the price is between 0.85 and 0.86, we stay neutral. A return below 0.85 will allow us to trade again short position and a break out of 0.8450 will offer a new sell signal.
See the previous analysis of the EUR/GBP parity of May 27th, 2010
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Technical analysis of the EUR/GBP parity on May 27th, 2010
Commentary of the EUR/GBP parity:
The parity broke its support at 0.85. Then, the parity made a pullback on this level. This is now testing the lowest of May 6th and 12th. All indicators are bearish. As far as the price is below 0.85, we maintain to trade only short positions. A break out of the last lowest will offer a new sell signal.
See the previous analysis of the EUR/GBP parity of May 26th, 2010
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Technical analysis of the EUR/GBP parity on May 26th, 2010
Commentary of the EUR/GBP parity:
The parity is still moving between 0.85 and 0.86 so we maintain the last commentary : 'The parity just broke its support at 0.86, offering a sell signal. All indicators are bearish. The price could now reach 0.8550 and 0.85. However, we stay neutral as far as the pricei is between 0.85 and 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 25th, 2010
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Technical analysis of the EUR/GBP parity on May 25th, 2010
Commentary of the EUR/GBP parity:
The parity just broke its support at 0.86, offering a sell signal. All indicators are bearish. The price could now reach 0.8550 and 0.85. However, we stay neutral as far as the pricei is between 0.85 and 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 24th, 2010
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