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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 Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 01 14 05:57 GMT
Intraday bias in EUR/GBP remains on the downside for 0.7755 key support level. We'd be cautious on bottoming there. Meanwhile, above 0.7828 minor resistance will be the first sign of near term reversal and will turn bias back to the upside for 0.8065 resistance first.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 30 14 06:52 GMT
Deeper decline is still expected in EUR/GBP for 0.7755 key support level. We'd be cautious on bottoming there. Meanwhile, above 0.7889 minor resistance will be the first sign of near term reversal and will turn bias back to the upside for 0.8065 resistance first.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 29 14 07:59 GMT
EUR/GBP lost some downside momentum but deeper fall is still in favor towards 0.7755 key support level. We'd be cautious on bottoming there. Meanwhile, above 0.7889 minor resistance will be the first sign of near term reversal and will turn bias back to the upside for 0.8065 resistance first.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 27 14 07:27 GMT
EUR/GBP's decline continued last week and reached as low as 0.7784. Initial bias remains on the downside this week and deeper fall could be seen to 0.7755 key support level. We'd be cautious on bottoming there. Meanwhile, above 0.7889 minor resistance will be the first sign of near term reversal and will turn bias back to the upside for 0.8065 resistance first.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 26 14 06:43 GMT
The break of 0.7809 indicates resumption of recent decline in EUR/GBP. Intraday bias is back on the downside for 0.7755 key support level next. Meanwhile, considering mild bullish convergence condition in 4 hours MACD, break of 0.7889 minor resistance will be the first sign of short term bottoming and will turn bias back to the upside for 0.8065 resistance.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 25 14 07:34 GMT
EUR/GBP is staying above 0.7809 temporary low and intraday bias remains neutral. Some more consolidations might be seen. But in case of another recovery, upside should be limited by 0.7914 minor resistance and bring fall resumption. Below 0.7809 will target 0.7755 support next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 24 14 06:59 GMT
Intraday bias in EUR/GBP remains neutral for consolidations above 0.7809 temporary low. While stronger recovery cannot be ruled out, near term outlook will stay bearish as long as 0.8065 resistance holds. Another decline is still expected. Below 0.7809 will target 0.7755 support next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 23 14 04:05 GMT
Intraday bias in EUR/GBP remains neutral for consolidations above 0.7809 temporary low. While stronger recovery cannot be ruled out, near term outlook will stay bearish as long as 0.8065 resistance holds. Another decline is still expected. Below 0.7809 will target 0.7755 support next.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 22 14 09:25 GMT
A temporary low is in place at 0.7809 in EUR/GBP and intraday bias is turned neutral. Near term outlook stays bearish as long as 0.8065 resistance holds and another fall is expected. Below 0.7809 will target 0.7755 support next.
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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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