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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 | Feb 26 15 09:01 GMT
No change in EUR/GBP's outlook. Current decline would extend lower. But based on current momentum, we'd be cautious on bottoming around 0.7250/53 support zone. Meanwhile, above 0.7428 will indicate short term bottoming and turn bias back to the upside for 0.7591 resistance and above.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 25 15 07:13 GMT
EUR/GBP's fall is still in progress and could extend lower. But again, based on current momentum, we'd be cautious on bottoming around 0.7250/53 support zone. Meanwhile, above 0.7428 will indicate short term bottoming and turn bias back to the upside for 0.7591 resistance and above.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 24 15 05:30 GMT
EUR/GBP's decline continued and reached as low as 0.7324 so far. Further decline would be seen. But based on current momentum, we'd be cautious on bottoming around 0.7250/53 support zone. Meanwhile, above 0.7428 will indicate short term bottoming and turn bias back to the upside for 0.7591 resistance and above.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 23 15 07:25 GMT
With 0.7458 minor resistance intact, deeper decline is still expected in EUR/GBP for long term key support level at 0.7250/53. Based on current momentum, we'd be cautious on bottoming around there. Meanwhile, above 0.7458 will indicate short term bottoming and turn bias back to the upside for 0.7591 resistance and above.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 21 15 11:56 GMT
EUR/GBP spiraled lower to 0.7338 last week but continued to lose downside momentum. As long as 0.7458 minor resistance holds, deeper decline is still expected this week to next long term key support level at 0.7250/53. Based on current momentum, we'd be cautious on bottoming around there. Meanwhile, above 0.7458 will indicate short term bottoming and turn bias back to the upside for 0.7591 resistance and above.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 20 15 09:22 GMT
EUR/GBP's decline is still in progress and intraday bias remains on the downside. Current down trend should target next long term key support level at 0.7250/53. Outlook will stay bearish as long as 0.7458 resistance holds. Nonetheless, break of 0.7458 will suggest short term bottoming and bring stronger rebound back to 0.7591 resistance.
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EUR/GBP Mid-Day Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 18 15 13:49 GMT
EUR/GBP's fall resumed after brief consolidations and dips to 0.7379 so far today. Intraday bias is back on the downside and current down trend should target next long term key support level at 0.7250/53. Outlook will stay bearish as long as 0.7458 resistance holds. Nonetheless, break of 0.7458 will suggest short term bottoming and bring stronger rebound back to 0.7591 resistance.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 18 15 06:04 GMT
With 0.7458 minor resistance, further fall is still expected. Below 0.7370 will target next long term key support level at 0.7250/53. Though, break of 0.7458 will suggest short term bottoming and bring stronger rebound back to 0.7591 resistance.
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EUR/GBP Mid-Day Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 17 15 14:36 GMT
EUR/GBP continued to lose downside momentum with the current recovery. But with 0.7458 minor resistance, further fall is still expected. Below 0.7370 will target next long term key support level at 0.7250/53. Though, break of 0.7458 will suggest short term bottoming and bring stronger rebound back to 0.7591 resistance.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Feb 17 15 02:51 GMT
Intraday bias in EUR/GBP remains mildly on the downside for the moment. Current decline is expected to continue to next long term key support level at 0.7250/53. On the upside, above 0.7458 minor resistance will turn bias neutral first. But outlook will stay bearish as long as 0.7591 resistance holds.
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