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Previous Analysis Of The Eur/gbpTitle:
Dukascopy Afternoon Forex Overview : 05/16/2012
Dukascopy Fundamental Analysis
EUR
Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March.
USD
Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April.
GBP
The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...
Title:
Technical analysis of the EUR/GBP pair on May 16th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has continued its bearish movement and is currently testing the support at 0.7950.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.7950 will give a new sell signal and open the way towards 0.79.
In case of return above 0.8050, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 15th, 2012
EUR/GBP Analysis
Title:
Speculation On Grexit Continues To Hammer The Euro
Sunrise Market Commentary
- Fixed Income: Global core bonds profit from euro debt crisis
- Concerns about Greece and Spain underpinned the ongoing rally of global core bonds. The German 10-year yield fell below 1.50%. Intra-EMU yield spreads versus Germany widened substantially. Today, the eco calendar is enticing. If no euro debt crisis news acts as a circuit breaker, the eco data may for once drive the price action.
- Currencies: Speculation on Grexit continues to hammer the euro.
- At the start of the new trading week, the Greek crisis remained the key factor for currency trading. With no visibility on the outcome of the EMU crisis, the easiest way for the euro is south. EUR/USD set a new correction low. EUR/GBP dropped below the 0.8000. This morning, strong German ...
Title:
Technical analysis of the EUR/GBP pair on May 15th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has continued its bearish movement and the breakout of 0.80 gave us a new sell signal.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.7950 will give a new sell signal and open the way towards 0.79.
In case of return above 0.8050, we will be neutral between this level and 0.8075.
The breakout of 0.8075 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 14th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 14th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a pullback last friday on the resistance at 0.8050.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8075, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 11th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 11th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move on the support at 0.80.
Currently, the pair is moving toward a pullback on 0.8050 as resistance.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8075, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 10th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 10th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday just above 0.80.
Currently, the pair is moving toward a pullback on 0.8050 as resistance.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8075, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 9th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 9th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has just validated the breakout of the support at 0.8050, offering a new sell signal.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8125 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8125, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 8th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 8th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move on the support at 0.8050.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8125 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8125, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 7th, 2012
EUR/GBP Analysis
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