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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 | Aug 25 16 10:44 GMT
EUR/GBP breached 0.8491 resistance turned support briefly and recovered quickly. Intraday bias remains neutral with near term outlook staying mildly bullish. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8491 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 24 16 11:10 GMT
EUR/GBP dips sharply today but stays above 0.8491 resistance turned support so far. Intraday bias remains neutral with near term outlook staying mildly bullish. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8491 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 23 16 10:24 GMT
EUR/GBP's consolidation from 0.8723 temporary top is still in progress and intraday bias remains neutral. Near term outlook stays bullish as long as 0.8491 resistance turned support holds. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8491 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 22 16 10:27 GMT
Intraday bias in EUR/GBP remains neutral for consolidation below 0.8723 temporary top. Outlook will stay bullish as long as 0.8491 resistance turned support holds. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8491 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 20 16 10:52 GMT
EUR/GBP's rally continued last week and reach 0.8274, meeting long term fibonacci level at 0.8705. A temporary top was formed and initial bias stays neutral this week first. Some more consolidations would be seen but outlook will stay bullish as long as 0.8491 resistance turned support holds. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8491 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 18 16 09:17 GMT
EUR/GBP's pull back from 0.8723 continues today and touches 4 hours 55 EMA. Deeper fall might be seen but outlook will stay bullish as long as 0.8491 resistance turned support holds. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8494 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 17 16 11:52 GMT
EUR/GBP lost much momentum after hitting long term fibonacci level at 0.8705. Intraday bias is turned neutral for consolidations first. Further rise is still in favor as long as 0.8491 support holds. Above 0.8723 will target next long term resistance at 0.8806. However, break of 0.8494 will indicate near term reversal for 0.8248 support and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 16 16 04:02 GMT
EUR/GBP's rally continues and reaches as high as 0.8702 so far, inch below long term fibonacci level at 0.8705. Intraday bias remains on the upside for the moment. Break of 0.8705 will target next long term resistance at 0.8806. However, upside momentum isn't too convincing. Break of 0.8620 minor support will suggest short term topping and bring pull back to 4 hours 55 EMA (now at 0.8557) and below.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 15 16 09:44 GMT
Intraday bias in EUR/GBP remains on the upside. Current up trend from 0.6935 low would target now target long term fibonacci level at 0.8705 and long term resistance at 0.8806. On the downside, below 0.8575 minor support will turn bias neutral and bring consolidations first.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Aug 13 16 12:03 GMT
EUR/GBP's break of 0.8626 resistance last week indicates up trend resumption. Initial bias stays on the upside this week. Current up trend from 0.6935 low would target now target long term fibonacci level at 0.8705 and long term resistance at 0.8806. On the downside, below 0.8575 minor support will turn bias neutral and bring consolidations first.
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