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Action Insight: EURGBP Technical Outlook

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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 27 16 07:56 GMT
Intraday bias in EUR/GBP remains on the upside for the moment. Current up trend from 0.6935 should target 100% projection of 0.6981 to 0.8116 from 0.7564 at 0.8699 next. On the downside, below 0.8100 minor support will turn intraday bias neutral first and bring consolidations.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 25 16 13:23 GMT
EUR/GBP soared to as high as 0.8312 last week as the up trend form 0.6935 resumed. Initial bias stays on the upside this week for 100% projection of 0.6981 to 0.8116 from 0.7564 at 0.8699. On the downside, below 0.7978 minor support will turn intraday bias neutral first and bring consolidations.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 24 16 06:30 GMT
EUR/GBP\'s strong rally and break of 0.8116 indicates resumption of rise from 0.6935. Intraday bias is now on the upside for 100% projection of 0.6981 to 0.8116 from 0.7564 at 0.8699. On the downside, below 0.7910 minor support will turn intraday bias neutral first and bring consolidations.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 22 16 05:03 GMT
EUR/GBP's fall from 0.7993 is still in progress and intraday bias stays on the downside. Such decline is seen as the third leg of the consolidation pattern from 0.8116. Further decline should be seen to 0.7564 next. At this point, we'd expect strong support from 50% retracement of 0.6981 to 0.8116 at 0.7682 to contain downside and bring rebound. On the upside, above 0.7745 minor resistance will turn bias neutral first.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 21 16 08:48 GMT
Intraday bias in EUR/GBP remains on the downside for the moment. The rebound from 0.7654 has completed at 0.7933. Fall from there is seen as the third leg of the consolidation pattern from 0.8116. Further decline should be seen to 0.7564 next. At this point, we'd expect strong support from 50% retracement of 0.6981 to 0.8116 at 0.7682 to contain downside and bring rebound. On the upside, above 0.7803 minor resistance will turn bias neutral first.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 20 16 04:15 GMT
EUR/GBP's sharp fall today and break of 0.7806 minor support indicates that rebound from 0.7564 has completed at 0.7993. The consolidation pattern from 0.8116 is starting the third leg. Intraday bias is back on the downside for 0.7564 and possibly below. At this point, we'd expect strong support from 50% retracement of 0.6981 to 0.8116 at 0.7682 to contain downside and bring rebound.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 18 16 06:00 GMT
EUR/GBP edged higher to 0.7993 last week but retreated from there. Initial bias is neutral this week first. Overall, price actions from 0.8116 are viewed as a consolidation pattern. Above 0.7993 will extend the rebound form 0.7654. But we'd be cautious on topping around 0.81116 and bring reversal. On the downside, break of 0.7806 will start the third leg of the consolidation pattern and turn bias to the downside for 0.7564.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 16 16 08:41 GMT
Further rise is expected in EUR/GBP with 0.7806 minor support intact, for retesting 0.8116 high. At this point, we're not anticipating upside breakout yet and would be cautious on topping around 0.8116. On the downside, below 0.7806 will argue that the rebound from 0.7564 has completed and will turn bias to the downside to extend recent consolidation.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 15 16 08:08 GMT
Further rise is expected in EUR/GBP with 0.7806 minor support intact, for retesting 0.8116 high. At this point, we're not anticipating upside breakout yet and would be cautious on toping around 0.8116. On the downside, below 0.7806 will argue that the rebound from 0.7564 has completed and will turn bias to the downside to extend recent consolidation.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Jun 14 16 05:04 GMT
Intraday bias in EUR/GBP remains on the upside for the moment. Current rise from 0.7564 should target a test on 0.8116 high. At this point, we're not anticipating upside breakout yet and would be cautious on toping around 0.8116. On the downside, below 0.7806 will indicate rejection from 0.7946 and turn bias to the downside.
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