ActionForex.com
May 23 16:25 GMT

Sponsors

Forex Expos

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 | May 23 15 07:26 GMT
EUR/GBP's fall from 0.7482 resumed by taking out 0.7116 support and reached as low as 0.7088. Further decline is still expected initially this week for 0.7013 low. The corrective rebound from 0.7013 should have completed with three waves up to 0.7482. And that indicates the larger down trend is possibly resuming. Break of 0.7013 will target 61.8% projection of 0.8006 to 0.7013 from 0.7482 at 0.6868 next. On the upside, break of 0.7282 is needed to indicate short term bottoming. Otherwise, outlook will stay cautiously bearish in case of recovery.
Read more...
 
EUR/GBP Mid-Day Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 21 15 13:19 GMT
EUR/GBP drops to as low as 0.7094 today as fall from 0.7482 resumed. Such decline is likely resuming the medium term down trend. Intraday bias is back on the downside for retesting 0.7013 first. Break will target 61.8% projection of 0.8006 to 0.7013 from 0.7482 at 0.6868 next. On the upside, break of 0.7282 is needed to indicate short term bottoming. Otherwise, outlook will stay cautiously bearish in case of recovery.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 20 15 10:26 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.7148; (P) 0.7189; (R1) 0.7230; More...

Intraday bias remains neutral for the moment. We're holding on to the view that rebound from 0.7013 has completed with three waves up to 0.7482. We'd expect recovery from 0.7122 to be limited below 0.7842 and bring fall resumption. Break of 0.7116 will extend the larger down trend through 0.7013.

In the bigger picture, price actions from 0.7013 medium term bottom are having corrective structure, which argues that larger down trend from 0.9799 isn't completed yet. Break of 0.7013 will extend the down trend towards 76.4% retracement of 0.5680 to 0.9799 at 0.6652. But after all, we'd still expect strong support inside long term support zone of 0.6535/7258 to contain downside and bring sustainable rebound.

EUR/GBP 4 Hours Chart

EUR/GBP Daily Chart

Subscribe to our daily and mid-day newsletter to get this report delivered to your mail box

 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 19 15 06:42 GMT
Intraday bias remains neutral for the moment. We're holding on to the view that rebound from 0.7013 has completed with three waves up to 0.7482. We'd expect recovery from 0.7122 to be limited below 0.7842 and bring fall resumption. Break of 0.7116 will extend the larger down trend through 0.7013.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 18 15 12:28 GMT
Intraday bias remains neutral for the moment. We're holding on to the view that rebound from 0.7013 has completed with three waves up to 0.7482. We'd expect recovery from 0.7122 to be limited below 0.7842 and bring fall resumption. Break of 0.7116 will extend the larger down trend through 0.7013.
Read more...
 
EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 16 15 06:12 GMT
EUR/GBP formed a temporary low at 0.7122, ahead of 0.7116 support and recovered. Initial bias is neutral this week first. We're holding on to the view that rebound from 0.7013 has completed with three waves up to 0.7482. We'd expect recovery from 0.7122 to be limited below 0.7842 and bring fall resumption. Break of 0.7116 will extend the larger down trend through 0.7013.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 14 15 02:17 GMT
A temporary low is in place at 0.7122, ahead of 0.7116 support, and intraday bias in turned neutral first. Overall, outlook is unchanged that rebound from 0.7013 could have completed with three waves up to 0.7482. Break of 0.7116 will target a test on 0.7013 low and would likely extend the larger down trend from 0.9799. On the upside, risk will stay on the downside as long as 0.7482 resistance holds.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 13 15 04:07 GMT
Intraday bias in EUR/GBP remains on the downside for 0.7116 support. Rebound from 0.7013 could have completed with three waves up to 0.7482. Break of 0.7116 will target a test on 0.7013 low and would likely extend the larger down trend from 0.9799. On the upside, 0.7225 minor resistance will turn bias neutral first. But risk will stay on the downside as long as 0.7482 resistance holds.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 12 15 09:30 GMT
Intraday bias in EUR/GBP remains on the downside for the moment. Rebound from 0.7013 could have completed with three waves up to 0.7482. Further fall should be seen to 0.7116 support first. Break will target a test on 0.7013 low again. On the upside, above 0.7309 minor resistance will turn bias neutral first.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 11 15 09:53 GMT
Intraday bias in EUR/GBP remains on the downside for the moment. Rebound from 0.7013 could have completed with three waves up to 0.7482. Further fall should be seen to 0.7116 support first. Break will target a test on 0.7013 low again. On the upside, above 0.7312 minor resistance will turn bias neutral first.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 74

Latest in Technical Outlook

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Action Insight Newsletter
ActionForex.com © 2015 All rights reserved.