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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 | Apr 16 15 09:31 GMT
As noted before, EUR/GBP's recovery from 0.7013 is possibly completed. Intraday bias remains on the downside for retesting 0.7013 first. Break will resume larger down trend and should target long term fibonacci level at 0.6652. In any case, outlook will stay bearish as long as 0.7403 resistance holds.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 15 15 07:08 GMT
As noted before, EUR/GBP's recovery from 0.7013 is possibly completed. Intraday bias remains on the downside for retesting 0.7013 first. Break will resume larger down trend and should target long term fibonacci level at 0.6652. In any case, outlook will stay bearish as long as 0.7403 resistance holds.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 14 15 03:25 GMT
As noted before, EUR/GBP's recovery from 0.7013 is possibly completed. Intraday bias remains on the downside for retesting 0.7013 first. Break will resume larger down trend and should target long term fibonacci level at 0.6652. In any case, outlook will stay bearish as long as 0.7403 resistance holds.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 13 15 11:51 GMT
EUR/GBP's break of 0.7221 minor support suggests that corrective rebound from 0.7013 has completed already. Intraday bias is back on the downside for retesting 0.7013 first. Break will resume larger down trend and should target long term fibonacci level at 0.6652. In any case, outlook will stay bearish as long as 0.7403 resistance holds.
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EUR/GBP Weekly Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 12 15 08:00 GMT
EUR/GBP continued to stay in range last week and initial bias stays neutral this week first. At this point, we'd still expect strong resistance from 0.7403 to complete the rebound from 0.7013. Below 0.7221 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 09 15 05:02 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd still expect strong resistance from 0.7403 to limit upside and cross to complete the recovery from 0.7013. Below 0.7221 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 08 15 07:51 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd still expect strong resistance from 0.7403 to limit upside and cross to complete the recovery from 0.7013. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 07 15 04:17 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd still expect strong resistance from 0.7403 to limit upside and cross to complete the recovery from 0.7013. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 06 15 13:40 GMT
Intraday bias in EUR/GBP remains neutral for the moment. We'd still expect strong resistance from 0.7403 to limit upside and cross to complete the recovery from 0.7013. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
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EUR/GBP Daily Outlook Print E-mail
EURGBP Outlook | Written by ActionForex.com | Apr 01 15 10:11 GMT
EUR/GBP is drawing support from 0.7726 and recovers mildly. Intraday bias remains neutral first. We'd expect upside of recovery from 0.7013 to be limited by 0.7403 support turned resistance and bring fall resumption. Below 0.7226 minor support will turn bias to the downside. Break of 0.7013 will target long term fibonacci level at 0.6652. However, sustained break of 0.7403 will indicate near term reversal and will target 0.7766 resistance instead.
Read more...
 
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