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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 | Sep 30 16 04:29 GMT
Intraday bias in EUR/GBP remains neutral for the moment. Focus stays on 0.8560 support and break there will extend the consolidation pattern from 0.8723 with a falling leg towards 0.8332 support. At this point, we'd expect strong support from 0.8248 to bring rebound and up trend resumption. Meanwhile, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 29 16 10:07 GMT
Intraday bias in EUR/GBP remains neutral for the moment. Focus is back on 0.8560 support and break there will extend the consolidation pattern from 0.8723 with a falling leg towards 0.8332 support. At this point, we'd expect strong support from 0.8248 to bring rebound and up trend resumption. Meanwhile, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 28 16 07:49 GMT
EUR/GBP was rejected ahead of 0.8723 resistance and intraday bias is turned neutral first. Focus is back on 0.8560 support and break there will extend the consolidation pattern from 0.8723 with a falling leg towards 0.8332 support. At this point, we'd expect strong support from 0.8248 to bring rebound and up trend resumption. Meanwhile, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 27 16 04:54 GMT
Intraday bias in EUR/GBP remains on the upside for 0.8723 resistance. At this point, we'd remain cautious on strong resistance from 0.8723 to limit upside and bring another fall to extend the consolidation pattern. Below 0.8560 minor support will turn bias back to the downside for 0.8332 support. However, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 26 16 11:03 GMT
Intraday bias in EUR/GBP remains on the upside for 0.8723 resistance. At this point, we'd remain cautious on strong resistance from 0.8723 to limit upside and bring another fall to extend the consolidation pattern. Below 0.8560 minor support will turn bias back to the downside for 0.8332 support. However, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 24 16 09:46 GMT
EUR/GBP's rebound from 0.8332 extended higher last week and initial bias stays on the upside this week for 0.8723 resistance. At this point, we'd remain cautious on strong resistance from 0.8723 to limit upside and bring another fall to extend the consolidation pattern. Below 0.8560 minor support will turn bias back to the downside for 0.8332 support. However, sustained break of 0.8723 will confirm up trend resumption and target next resistance level at 0.8806.
Read more...
 
EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 22 16 08:17 GMT
Intraday bias in EUR/GBP remains on the upside as rebound from 0.8332 continues. Further rise would be seen to 0.8723 resistance. As noted before, firm break there is needed to confirm up trend resumption. Otherwise, more consolidation would be seen. On the downside, below 0.8494 minor support will turn bias back to the downside and might extend the correction from 0.8723. But we'll look for support above 0.8116 to bring rebound.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 21 16 04:07 GMT
EUR/GBP's rebound from 0.8332 is still in progress and reaches as high as 0.8630 so far. Intraday bias remains on the upside for 0.8723 resistance. 0.8723 resistance. As noted before, firm break there is needed to confirm up trend resumption. Otherwise, more consolidation would be seen. On the downside, below 0.8494 minor support will turn bias back to the downside and might extend the correction from 0.8723. But we'll look for support above 0.8116 to bring rebound.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 20 16 05:56 GMT
Intraday bias in EUR/GBP remains on the upside as rebound from 0.8332 continues. Further rise could be seen for 0.8723 resistance. As noted before, firm break there is needed to confirm up trend resumption. Otherwise, more consolidation would be seen. On the downside, below 0.8466 minor support will turn bias back to the downside and might extend the correction from 0.8723. But we'll look for support above 0.8116 to bring rebound.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Sep 17 16 05:13 GMT
EUR/GBP's rebound from 0.8332 continued last week and reached as high as 0.8581. Initial bias stays on the upside this week for 0.8723 resistance. As noted before, firm break there is needed to confirm up trend resumption. Otherwise, more consolidation would be seen. On the downside, below 0.8466 minor support will turn bias back to the downside and might extend the correction from 0.8723. But we'll look for support above 0.8116 to bring rebound.
Read more...
 
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