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Action Insight: EURGBP Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 20 14 08:37 GMT
EUR/GBP dropped sharply to as low as 0.7809 last week as recent down trend resumed. Initial bias remains on the downside this week for 0.7755 support next. On the upside, above 0.7890 minor resistance will turn bias neutral and bring consolidations. But break of 0.8065 resistance is needed to confirm near term reversal. Otherwise, outlook will stay bearish.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 19 14 07:15 GMT
EUR/GBP dived to as low as 0.7809 so far today and the strong break of 0.7873 confirmed larger decline resumption. Intraday bias is now on the downside for 0.7755 key support level next. On the upside, above 0.7890 minor resistance will turn bias neutral and bring consolidations. But near term outlook will stay bearish as long as 0.8065 resistance holds.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 18 14 07:59 GMT
Outlook in EUR/GBP remains generally unchanged. Price actions from 0.7873 are viewed as a consolidation pattern. Break of 0.7873 will resume the larger decline and should target 0.7755 key support level next. In case of another rise, upside should be limited below 0.8157 support turned resistance.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 17 14 03:55 GMT
Intraday bias in EUR/GBP stays neutral for the moment. The consolidation from 0.7873 might extend. But in case of another rise, upside should be limited below 0.8157 support turned resistance. Downside breakout is anticipated and break of 0.7873 will target 0.7755 key support level next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 16 14 07:41 GMT
Intraday bias in EUR/GBP stays neutral for the moment. The consolidation from 0.7873 might extend. But in case of another rise, upside should be limited below 0.8157 support turned resistance. Downside breakout is anticipated and break of 0.7873 will target 0.7755 key support level next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 15 14 08:41 GMT
Intraday bias in EUR/GBP stays neutral first. The consolidation from 0.7873 might extend. But in case of another rise, upside should be limited below 0.8157 support turned resistance. Downside breakout is anticipated and break of 0.7873 will target 0.7755 key support level next.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 13 14 10:51 GMT
Despite edging higher to 0.8065, EUR/GBP quickly retreated back to established range last week. The price actions from 0.7873 short term bottom suggested that it's unfolding as a consolidation pattern. More sideway trading could be seen in near term. But we'd expect upside to be limited below 0.8157 support turned resistance and bring fall resumption. Below 0.7873 will target 0.7755 key support level next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 12 14 07:59 GMT
No change in EUR/GBP's outlook. Price actions from 0.7873 are having corrective structure and are likely unfolding as consolidation. Near term outlook stays bearish as long as 0.8157 support turned resistance holds. Another decline is expected and below 0.7873 will target 0.7755 key support level next
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 11 14 09:02 GMT
Despite rising to 0.8065, EUR/GBP quickly fell back into established range. Overall, price actions from 0.7873 are having corrective structure and are likely unfolding as consolidation. Near term outlook stays bearish as long as 0.8157 support turned resistance holds. Another decline is expected and below 0.7873 will target 0.7755 key support level next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 10 14 06:07 GMT
Intraday bias in EUR/GBP remains neutral for more consolidative trading. Overall, another fall is still expected. Below 0.7873 will extend the larger fall towards 0.7755 key support level. Meanwhile, above 0.8035 resistance will turn focus back to 0.8157 support turned resistance instead.
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