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Eur/gbp Parity The ParityTitle:
Technical analysis of the EUR/GBP parity on June 30th, 2010
Commentary of the EUR/GBP parity:
The parity fake a break out 0.81 in its bearish rally. The price is currently making a correction. indicators are getting bullish but stay mixed. As far as the price is above 0.8150, the correction could continue but will find resistance on former supports at 0.82 and 0.8250. We stay neutral on the parity, waiting for a return on these levels. If the price get back below 0.8150, we will advise to trade again short positions.
See the previous analysis of the EUR/GBP parity of June 29th, 2010
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Technical analysis of the EUR/GBP parity on June 29th, 2010
Commentary of the EUR/GBP parity:
The parity broke the support at 0.82, offering a sell signal. Then, a strong bearish rally followed. Currently, the price is testing the support at 0.81. We maintain to trade only short positions as far as the price is below 0.8150. A break out of 0.81 will give a new sell signal.
See the previous analysis of the EUR/GBP parity of June 28th, 2010
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Technical analysis of the EUR/GBP parity on June 28th, 2010
Commentary of the EUR/GBP parity:
The parity didn't pursuit its bullish movement after the break out of 0.8250. The price is currently testing the lowest at 0.8210. Indicators are mixed. We stay neutral on the parity as far as the price is below 0.82 and 0.8250. We advise to wait an exit of this range to take positions.
See the previous analysis of the EUR/GBP parity of June 25th, 2010
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Technical analysis of the EUR/GBP parity on June 25th, 2010
Commentary of the EUR/GBP parity:
The parity is currently testing the resistance at 0.8250. To folllow our last analysis, we maintain to trade only long positions as far as the price is above 0.8225. The next resistance is the lower band of the medium term bearish channel (0.83 in extension).
See the previous analysis of the EUR/GBP parity of June 24th, 2010
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Technical analysis of the EUR/GBP parity on June 24th, 2010
Commentary of the EUR/GBP parity:
The parity is currently finding support on 0.82/0.8250. All indicators are still bearish. We maintain to trade only short positions as far as the price is below 0.8250. A break out of 0.82 will give a new sell signal. However, if 0.8250 is broken will give a buy signal. We will then advise to trade only long positions as far as 0.8225 is support.
See the previous analysis of the EUR/GBP parity of June 23th, 2010
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Technical analysis of the EUR/GBP parity on June 23th, 2010
Commentary of the EUR/GBP parity:
The parity is currenlty in a bearish rally. The price broke the supports at 0.8325 and 0.83. All indicators are now bearish. We advise to trade only short positions as far as the price is below 0.83 (now resistance). Next supports are at 0.8250 and 0.82.
See the previous analysis of the EUR/GBP parity of June 22th, 2010
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Technical analysis of the EUR/GBP parity on June 22th, 2010
Commentary of the EUR/GBP parity:
The parity is currently testing the lower band of its short term bullish channel. Indicators are mixed. However, we maintain to trade only long positions as far as the price is above its last lowest at 0.8325. A return above 0.8350 will comfort our bullish feeling.
See the previous analysis of the EUR/GBP parity of June 21th, 2010
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Technical analysis of the EUR/GBP parity on June 21th, 2010
Commentary of the EUR/GBP parity:
The parity continues to move into its short term bullish channel (black lines). Indicators are mixed. We maintain to trade only long positions as far as the price is moving above the last lowest at 0.8325. A break out the resistance at 0.84 will offer a new buy signal.
See the previous analysis of the EUR/GBP parity of June 18th, 2010
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Technical analysis of the EUR/GBP parity on June 18th, 2010
Commentary of the EUR/GBP parity:
The parity reached the resistance at 0.84 but made a pullack on 0.8350 thereafter. Currently, the price is getting below this level. Indicators stay globaly bullish. The parity is moving into a bullish channel (black lines). We maintain to trade only long positions as far as the price is above 0.83. A return above 0.8350 will comfort our bullish feeling.
See the previous analysis of the EUR/GBP parity of June 17th, 2010
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