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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 | May 23 13 04:07 GMT
EUR/GBP jumped sharply to as high as 0.8589 before retreating. Intraday bias remains mildly on the upside for 0.8636 resistance. Break will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806. On the downside, below 0.8518 minor support will turn bias neutral first. In case of a break of 0.8397, the correction from 0.8806 will extend to 50% retracement of 0.7755 to 0.8806 at 0.8281 before completion.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 22 13 08:08 GMT
EUR/GBP recovered strongly and the break of 0.8516 minor resistance turned intraday bias back to the upside for 0.8636 resistance. Break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806. IN case of another fall, we'd expect strong support from 50% retracement of 0.7755 to 0.8806 at 0.8281 to contain downside to finally complete the correction fro 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 21 13 04:21 GMT
EUR/GBP continues to stay in sideway consolidation and intraday bias remains neutral. Below 0.8397 will extend the correction from 0.8806 to 50% retracement of 0.7755 to 0.8806 at 0.8281. But strong support should be seen at around that level to bring rebound to complete the correction. Meanwhile, above 0.8516 will target 0.8636. Break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 18 13 09:24 GMT
Despite edging higher to 0.8516, EUR/GBP failed to sustain above 55 days EMA and weakened again. Initial bias is neutral this week first. Below 0.8397 will extend the correction from 0.8806 to 50% retracement of 0.7755 to 0.8806 at 0.8281. But strong support should be seen at around that level to bring rebound to complete the correction. Meanwhile, above 0.8516 will target 0.8636. Break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 17 13 02:50 GMT
Intraday bias in EUR/GBP stays neutral for the moment. Below 0.8397 will extend the correction from 0.8806 to 50% retracement of 0.7755 to 0.8806 at 0.8281. But strong support should be seen at around that level to bring rebound to complete the correction. Meanwhile, above 0.8516 will target 0.8636. Break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 16 13 07:26 GMT
EUR/GBP dropped sharply from 0.8516 and intraday bias is turned neutral first. Below 0.8397 will extend the correction from 0.8806 to 50% retracement of 0.7755 to 0.8806 at 0.8281. But strong support should be seen at around that level to bring rebound to complete the correction. Meanwhile, above 0.8516 will target 0.8636. Break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 15 13 07:55 GMT
Recovery from 0.8397 might extend higher and break of 0.8636 will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806. On the downside, below 0.8397 will bring another fall to 50% retracement of 0.7755 to 0.8806 at 0.8281 before completing the correction from 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 14 13 06:44 GMT
EUR/GBP's recovers extends and the break of 0.8497 suggests that stronger recovery would be seen. Intraday bias is mildly back on the upside for 0.8636 resistance. Break will indicate that whole correction from 0.8806 has completed and will turn outlook bullish for retesting 0.8806. On the downside, below 0.8397 will bring another fall to 50% retracement of 0.7755 to 0.8806 at 0.8281 before completing the correction from 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 13 13 07:11 GMT
Intraday bias in EUR/GBP remains neutral for fur the moment. Another decline is expected as long as 0.8497 minor resistance holds. Below 0.8397 will bring another decline towards 50% retracement of 0.7755 to 0.8806 at 0.8281. But again, the decline from 0.8806 is viewed as a correction and thus, it might bottom at around 0.8281 and rebound. Meanwhile, above 0.8497 will be an early sign of reversal and will turn bias back to the upside for 0.8636 resistance.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | May 11 13 05:51 GMT
EUR/GBP continued to consolidate in established range above 0.8397 last week and outlook is unchanged. Initial bias is neutral for some more sideway trading. But another decline remains in favor as long as 0.8497 minor resistance holds. Below 0.8397 will bring another decline towards 50% retracement of 0.7755 to 0.8806 at 0.8281. But again, the decline from 0.8806 is viewed as a correction and thus, it might bottom at around 0.8281 and rebound. Meanwhile, above 0.8497 will be an early sign of reversal and will turn bias back to the upside for 0.8636 resistance.
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