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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 | Oct 22 14 07:23 GMT
No change in EUR/GBP's outlook. Intraday bias remains neutral for the moment and some more consolidations could be seen. At this point, we're favoring the case that EUR/GBP has bottomed out at 0.7766 already. Further rise is expected as long as 0.7849 support holds. Break of 0.8065 will confirm reversal and target 0.8399 resistance next. Break of 0.7849 will dampen the bullish case and turn focus back to 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 21 14 07:50 GMT
No change in EUR/GBP's outlook. Intraday bias remains neutral for the moment and some more consolidations could be seen. At this point, we're favoring the case that EUR/GBP has bottomed out at 0.7766 already. Further rise is expected as long as 0.7849 support holds. Break of 0.8065 will confirm reversal and target 0.8399 resistance next. Break of 0.7849 will dampen the bullish case and turn focus back to 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 20 14 03:23 GMT
Intraday bias in EUR/GBP remains neutral for the moment and some consolidations could be seen. At this point, we're favoring the case that EUR/GBP has bottomed out at 0.7766 already. Further rise is expected as long as 0.7849 support holds. Break of 0.8065 will confirm reversal and target 0.8399 resistance next. Break of 0.7849 will dampen the bullish case and turn focus back to 0.7755 key support level.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 18 14 08:51 GMT
EUR/GBP surged to as high as 0.8046 last week but failed to break through 0.8065 resistance and retreated. Initial bias is neutral this week first. At this point, we're favoring the case that EUR/GBP has bottomed out at 0.7766 already. Further rise is expected as long as 0.7849 support holds. Break of 0.8065 will confirm reversal and target 0.8399 resistance next. Break of 0.7849 will dampen the bullish case and turn focus back to 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 16 14 03:51 GMT
EUR/GBP surged to as high as 0.8046 so far and the development continues to affirm the case of trend reversal. Intraday bias remains on the upside for 0.8065 key near term resistance. Break will confirm this bullish case and target 0.8399 resistance next. On the downside, below 0.7935 minor support will turn bias neutral first. In case of another decline, we'd stay cautious on bottoming around 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 15 14 07:51 GMT
Intraday bias in EUR/GBP remains on the upside for 0.8065 resistance. Break will confirm trend reversal and target 0.8399 resistance next. On the downside, break of 0.7849 support will dampen the bullish case and turn bias back to the downside. In that case, we'd stay cautious on bottoming around 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 14 14 06:52 GMT
EUR/GBP's rally extends and intraday bias is back on the upside for 0.8065 resistance. Break will confirm trend reversal and target 0.8399 resistance next. On the downside, break of 0.7849 support will dampen the bullish case and turn bias back to the downside. In that case, we'd stay cautious on bottoming around 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 13 14 09:23 GMT
Intraday bias in EUR/GBP stays neutral for the moment. With 0.7820 minor support intact, further rise is expected in the cross. . Above 0.7899 will target 0.8065 resistance. Break will confirm trend reversal. Meanwhile, below 0.7820 minor support will turn bias back to the downside. In that case, we'd stay cautious on bottoming around 0.7755 key support level.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 11 14 08:54 GMT
EUR/GBP's recovery from 0.7766 short term bottom extended higher to 0.7899 last week but lost momentum since then. Initial bias is neutral this week first. As long as 0.7820 minor support holds, further rise is still expected. Above 0.7899 will target 0.8065 resistance. Break will confirm trend reversal. Meanwhile, below 0.7820 minor support will turn bias back to the downside. In that case, we'd stay cautious on bottoming around 0.7755 key support level.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Oct 09 14 07:55 GMT
Recent down trend in EUR/GBP could be reversing. Current rebound from 0.7766 should extend to 55 days EMA (now at 0.7918) first. Sustained break there will target key near term resistance at 0.8065 for confirmation. In case of another fall, we'd stay cautious on bottoming around 0.7755 key support level.
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