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Technical Analysis Of The Eur/gbpTitle:
Technical analysis of the EUR/GBP pair on December 6th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP has failed to break the resistance at 0.86.
The pair then felt on 0.8550 and is currently testing this level.
The pair is still moving above its bearish slant.
All indicators are getting bearish.
We maintain to trade only short positions as far as 0.86 is resistance.
A return below 0.8550 will comfort our bearish feeling.
The breakout of 0.85 will give a new sell signal and open the way towards 0.8450.
In case of return above 0.86, we will wait the breakout of 0.8650 to advise long positions.
See the previous analysis of the EUR/GBP pair of December 5th, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on December 5th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked the breakout of the resistance at 0.86 last friday.
The pair is still moving above its bearish slant (purple line).
Indicators are globaly bullish.
We maintain to trade only short positions as far as 0.86 is resistance.
A return below 0.8550 will comfort our bearish feeling.
The breakout of 0.85 will give a new sell signal and open the way towards 0.8450.
In case of return above 0.86, we will wait the breakout of 0.8650 to advise long positions.
See the previous analysis of the EUR/GBP pair of December 2nd, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on December 2nd, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move below its bearish slant (purple line).
The pair has found resistance on 0.86.
Indicators are now mitigated.
We maintain to trade only short positions as far as 0.86 is resistance.
A return below 0.8550 will comfort our bearish feeling.
The breakout of 0.85 will give a new sell signal and open the way towards 0.8450.
In case of return above 0.86, we will wait the breakout of 0.8650 to advise long positions.
See the previous analysis of the EUR/GBP pair of December 1st, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on December 1st, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP again found support yesterday on its bearish slant (purple line).
The pair is now moving towards 0.86 as resistance.
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 0.86 is resistance.
The breakout of 0.85 will give a new sell signal and open the way towards 0.8450.
In case of return above 0.86, we will wait the breakout of 0.8650 to advise long positions.
See the previous analysis of the EUR/GBP pair of November 30th, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on November 30th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked yesterday a return above 0.86.
Then, the pair felt and just validated the breakout of 0.8550, offering a sell signal.
The pair is still moving above its bullish slant.
Indicators are now bearish.
We maintain to trade only short positions as far as 0.86 is resistance.
The breakout of 0.85 will give a new sell signal and open the way towards 0.8450.
In case of return above 0.86, we will wait the breakout of 0.8650 to advise long positions.
See the previous analysis of the EUR/GBP pair of November 29th, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on November 29th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP is currently validating a return above 0.86.
The pair is still moving avoe its bearish slant (purple line).
Indicators are globaly mitigated.
We stay neutral on the pair between 0.86 and 0.8650.
We advise to wait an exit of this range to take position:
- Long if 0.8650 is broken. The breakout of 0.87 will give a new buy signal.
- Short if 0.86 is broken. The breakout of 0.8550 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of November 28th, 2011
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on November 28th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated on friday the breakout of 0.86, offering a sell signal.
Then, 0.8550 gave support to the price for a rebound above 0.86.
The pair is still moving above its bearish slant (purple line).
Indicators are mitigated.
We stay neutral on the pair between 0.86 and 0.8650.
We advise to wait an exit of this range to take position:
- Long if 0.8650 is broken. The breakout of 0.87 will give a new buy signal.
- Short if 0.86 is broken. The breakout of 0.8550 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of November 25th, 2011
EUR/GBP Analysis
Title:
Dukascopy Afternoon Forex Overview : 25/11/2011
Fundamental Analysis
EUR
The euro fell by 0.4% against US dollar to $1.3267, hitting seven-week low. Investors lose confidence in euro and euro-based assets after no certain solutions to the spreading debt crisis coming from the meeting of the EU leaders. The euro also was down against British pound by 0.07%, currently EUR/GBP is traded at 0.8608.
USD
US stock futures decreased on the worries about spreading debt crisis in Europe. Futures on the Dow Jones Industrial Average lost 71 points to 11,163 while futures on the Standard & Poor's stock index decreased by 9.19 points to 1,150.8. Nasdaq futures lost 17 points to 2,144. The drop occurred after Italy's bill auction on Friday.
GBP
The outlook for UK's housing market has worsened in last months as unemployment rises and economic ...
Title:
Technical analysis of the EUR/GBP pair on November 25th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to test the support at 0.86.
The pair is still above its bearish slant (purple line)
Indicators are mitigated.
We stay neutral on the pair between 0.86 and 0.8650.
We advise to wait an exit of this range to take position:
- Long if 0.8650 is broken. The breakout of 0.87 will give a new buy signal.
- Short if 0.86 is broken. The breakout of 0.8550 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of November 24th, 2011
EUR/GBP Analysis
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