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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 | Mar 31 15 05:11 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd expect upside of recovery from 0.7013 to be limited by 0.7403 support turned resistance and bring fall resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 30 15 10:44 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd expect upside of recovery from 0.7013 to be limited by 0.7403 support turned resistance and bring fall resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 28 15 08:47 GMT
EUR/GBP's rebound from 0.7013 extended higher last week but was limited below 0.7403 resistance. Initial bias remains neutral this week first. We continue to expect upside to be limited by 0.7403 support turned resistance and bring fall resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 27 15 09:34 GMT
No change in EUR/GBP's outlook. We'd expect strong resistance from 0.7403 to limit the upside of recovery from 0.7013 and bring down trend resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 26 15 07:06 GMT
The recovery from 0.7013 is still in progress and further rise could be seen. But at this point, we'd still expect strong resistance form 0.7403 to limit upside and bring down trend resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 25 15 09:17 GMT
The recovery from 0.7013 is still in progress and further rise could be seen. But at this point, we'd still expect strong resistance form 0.7403 to limit upside and bring down trend resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Mid-Day Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 24 15 13:43 GMT
The recovery from 0.7013 continues today and reaches as high as 0.7371 so far. Further rise could still be seen. But at this point, we'd still expect strong resistance form 0.7403 to limit upside and bring down trend resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 24 15 02:47 GMT
The recovery from 0.7013 extends further to 0.7330 so far and further rise could be seen. Such recovery is viewed as a correction and we'd expect upside to be limited below 0.7403 support turned resistance and bring down trend resumption. Below 0.7153 will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 23 15 08:11 GMT
Intraday bias in EUR/GBP remains neutral as consolidation from 0.7013 continues. While further rise could be seen initially this week, ,we'd expect upside to be limited below 0.7403 support turned resistance and bring fall resumption. Below 0.7013 will likely send EUR/GBP through 0.7 round number to next long term fibonacci level at 0.6652.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Mar 21 15 14:09 GMT
EUR/GBP's recovery from 0.7013 continued last week and outlook is unchanged. While further rise could be seen initially this week, ,we'd expect upside to be limited below 0.7403 support turned resistance and bring fall resumption. Below 0.7013 will likely send EUR/GBP through 0.7 round number to next long term fibonacci level at 0.6652.
Read more...
 
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