Forex Signals - Free Forex Trading Forecasts and Signals » EUR/GBP

EURGBP: Hammer-Triggered Recovery Set To Extend

admin — Sun, 11 Jul 2010 20:17:19 +0000

With the cross’s hammer formation the previous week pushing it strongly higher the past week, we now see the risk of a continuation of that bull run towards its May 06/27′10 highs at 0.8421/26 as a we enter a new week. However, EURGBP’S immediate challenge is to hold firmly above View full post on Technical Analysis

Trade Idea: EUR/GBP – Buy at 0.8200 or sell at 0.8440

admin — Fri, 09 Jul 2010 13:47:48 +0000

As euro has eased after intra-day marginal rise to 0.8384 (yesterday’s high was 0.8380), suggesting consolidation would be seen and retracement to 0.8300 and 0.8226 (50% Fibonacci retracement of 0.8067 to 0.8384), however, as low has been formed at 0.8067 as wave v, reckon 0.8188 (61.8% Fibonacci retracement) should hold and bring another rise later.

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EURGBP: Risk Continues To Point Higher

admin — Thu, 08 Jul 2010 05:06:56 +0000

Continued strength saw the cross rallying strongly on Tuesday and increasing risk of a move higher towards its Jun 20’10 high at 0.8384. This development is coming on the back of a corrective recovery started from the 0.8066 level, its 2010 low. Above the 0.8384 level should push EURGBP further View full post on Technical Analysis

EUR/GBP: Stalking Possible Topping Action

admin — Wed, 07 Jul 2010 23:44:21 +0000

The Euro has been gaining against the Pound since last week. This is in the context of a downswing since mid-March. Therefore, the overall mode is still bearish. You can see that more clearly in the daily chart. The 1H chart shows some short-term topping developing. This pair continued to View full post on Technical Analysis

Trade Idea: EUR/GBP – Buy at 0.8190

admin — Sat, 03 Jul 2010 10:53:51 +0000

As the single currency has maintained a firm undertone after this week’s anticipated rebound and price just broke above indicated minor resistance at 0.8274-76, adding credence to mildly bullish count that wave v has possibly ended at 0.8067 and consolidation with upside bias remains for gain towards 0.8320/30, then towards 0.8380/85.

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Trade Idea: EUR/GBP – Buy at 0.8130

admin — Thu, 01 Jul 2010 20:50:18 +0000

Current anticipated rebound (our long position entered at 0.8100 met target at 0.8230 with 130 points profit) adds credence to mildly bullish count that wave v has possibly ended at 0.8067 and consolidation with upside bias remains for gain towards minor resistance at 0.8274/76 but break there is needed to confirm and bring stronger rebound to 0.8320/30, then towards 0.8380/85.

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EUR/GBP: Accelerated Down Swing Reflects Wave 3

admin — Tue, 29 Jun 2010 03:31:17 +0000

The EUR/GBP continues to slide. In Friday’s weekly update, I mentioned that the bearish outlook was confirmed, and I was waiting for a short rally to 0.83 before further decline. The rally attempt was thwarted at 0.8275, and the market declined sharply ahead of the US session open. This continues View full post on Technical Analysis

EUR/GBP Extends Fall to Hit Fresh 19-Month Low

admin — Mon, 28 Jun 2010 22:12:32 +0000

Price action on EUR/GBP, a daily chart of which is shown, has just further extended its fall within the prevailing downtrend, breaking down below strong support, as last week’s EUR/GBP analysis indicated might be the case. In breaking down below key 0.8200 support on Monday (6/28/2010), price action has established View full post on Technical Analysis

EUR/GBP Sees Bullish Divergence at 0.82 Support

admin — Fri, 25 Jun 2010 01:28:52 +0000

1H and 4H: The 1H chart shows a EUR/GBP pair declining, with the 50-period MA crossing below the 200-period MA. There is a bullish divergence with the RSI suggesting that the 0.82 area is supporting the pair, and it may be in some consolidation. The 4H chart shows the bigger View full post on Technical Analysis

Trade Idea: EUR/GBP – Buy at 0.8155

admin — Thu, 24 Jun 2010 14:41:51 +0000

Although the single currency has remained under pressure and recent wave v decline may extend weakness to 0.8150/60, loss of near term downward momentum should prevent sharp fall below there and reckon 0.8100 would hold from here, bring rebound later. Above intra-day resistance at 0.8244 would suggest a minor low has possibly been formed but break of yesterday’s high at 0.8286 is needed to confirm, bring retracement to 0.8320/30 later.

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