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.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 09 12 06:55 GMT
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EUR/GBP's consolidation from 0.8221 is still in progress and stronger rebound could be seen. But still, we'd expect strong resistance from 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to conclude the consolidation and bring fall resumption eventually. Below 0.8264 will flip bias back to the downside for 0.8221 low first. Break there will confirm resumption of recent fall from 0.9083 and should target a test on 0.8067 key support level next. However, sustained trading above 0.8454 fibo level will dampen our view and bring stronger rise towards falling trend line resistance (now at 0.8600).
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EURGBP Outlook |
Written by ActionForex.com |
Feb 08 12 07:27 GMT
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The strong recovery and break of 0.8343 minor resistance dampens the immediate bearish case in EUR/GBP. Instead, current development suggests that consolidation form 0.8221 is still in progress. Stronger rebound might be seen to 0.8409 resistance and above. But after all, we'd continue to expect strong resistance from 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to conclude the consolidation and bring fall resumption eventually. Below 0.8264 will flip bias back to the downside for 0.8221 low first. Break there will confirm resumption of recent fall from 0.9083 and should target a test on 0.8067 key support level next.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 06 12 07:46 GMT
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At this point, we continue to favor the case that consolidation from 0.8221 is finished at 0.8409 already. Intraday bias remains mildly on the downside for 0.8221 first. Break there will confirm resumption of recent fall from 0.9083 and should target a test on 0.8067 key support level next. On the upside, though, above 0.8343 minor resistance will delay the bearish case and bring more consolidations again. But even in that case, we'd continue to expect strong resistance from 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to conclude the consolidation and bring fall resumption eventually.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 04 12 05:35 GMT
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Last week's development suggests that EUR/GBP's consolidation from 0.8221 might be finished at 0.8409 after missing 55 days EMA. Initial bias remains mildly on the downside for a test on 0.8221 this week. Break there will confirm resumption of recent fall from 0.9083 and should target a test on 0.8067 key support level next. On the upside, in case of another recovery, we'd continue to expect strong resistance from 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to conclude the consolidation and bring fall resumption eventually.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 03 12 07:05 GMT
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At this point, we's still slightly favoring the case that consolidation from 0.8221 was completed at 0.8409. Further decline is expected to retest 0.8221 and break will confirm resumption of whole fall from 0.9083 and target 0.8067 key support. On the upside, even in case of another rise, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 02 12 07:03 GMT
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At this point, we's still slightly favoring the case that consolidation from 0.8221 was completed at 0.8409. Further decline is expected to retest 0.8221 and break will confirm resumption of whole fall from 0.9083 and target 0.8067 key support. On the upside, even in case of another rise, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually.
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EURGBP Outlook |
Written by ActionForex.com |
Feb 01 12 08:51 GMT
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EUR/GBP's sharp decline and break of 0.8337 minor support argues that consolidation from 0.8221 has finished at 0.8409 already. Intraday bias is back on the downside for 0.8221. Break there will confirm resumption of whole fall from 0.9083 and target 0.8067 key support. On the upside, even in case of another rise, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually.
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EURGBP Outlook |
Written by ActionForex.com |
Jan 31 12 07:18 GMT
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EUR/GBP's consolidation from 0.8221 is still in progress and further rise could still be seen to 0.8420 resistance and above. But after all, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually. Below 0.8337 minor support will flip bias back to the downside for retesting 0.8221 first. Break will resume whole decline from 0.9083 towards 0.8067 key support.
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EURGBP Outlook |
Written by ActionForex.com |
Jan 30 12 07:12 GMT
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EUR/GBP's consolidation from 0.8221 is still in progress and further rise could still be seen to 0.8420 resistance and above. But after all, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually. Below 0.8337 minor support will flip bias back to the downside for retesting 0.8221 first. Break will resume whole decline from 0.9083 towards 0.8067 key support.
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EURGBP Outlook |
Written by ActionForex.com |
Jan 28 12 06:29 GMT
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EUR/GBP's choppy recovery from 0.8221 continued last week and further rise could still be seen to 0.8420 resistance and above. But after all, we'd expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually. Below 0.8337 minor support will flip bias back to the downside for retesting 0.8221 first. Break will resume whole decline from 0.9083 towards 0.8067 key support.
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