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EURGBP Outlook |
Written by ActionForex.com |
Feb 08 10 08:50 GMT |
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EUR/GBP's recovery from 0.8601 resumes and reaches as high as 0.8785 so far. While more rise could still be still, we'd continue to expect strong resistance at 0.8792 to limit the recovery and bring fall resumption. Below 0.8686 minor support will flip intraday bias back to the downside and break of 0.8601 low will bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. However, decisive break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 06 10 09:14 GMT |
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EURGBP continued to consolidate in tight range last week and outlook remains unchanged. Initial bias remains neutral this week and some more sideway trading might be seen. Nevertheless, we'd continue to expect upside to be limited by 0.8792 resistance and bring fall resumption. Below 0.8660 minor support will flip intraday bias back to the downside and break of 0.8601 low will bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. However, break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 05 10 09:17 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment. While another recovery cannot be ruled out, we'd continue to expect upside to be limited by 0.8792 resistance and bring fall resumption. Below 0.8660 minor support will flip intraday bias back to the downside and break of 0.8601 low will bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. Nevertheless, break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 04 10 09:06 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment. While another recovery cannot be ruled out, we'd continue to expect upside to be limited by 0.8792 resistance and bring fall resumption. Below 0.8660 minor support will flip intraday bias back to the downside and break of 0.8601 low will bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. Nevertheless, break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 03 10 07:18 GMT |
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With 4 hours MACD crossed below signal line, intraday bias in EUR/GBP is turned neutral. While another recovery cannot be ruled out, we'd continue to expect upside to be limited by 0.8792 resistance and bring fall resumption. Below 0.8660 minor support will flip intraday bias back to the downside and break of 0.8601 low will bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. Nevertheless, break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 02 10 05:52 GMT |
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Intraday bias in EUR/GBP remains neutral as recovery from 0.8601 continues. At this point, we's still expect upside to be limited by 0.8792 resistance and bring fall resumption. Below 0.8601 will target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. Nevertheless, break of 0.8792 resistance will be the first signal that recent decline from 0.9410 has completed and stronger rally should be seen to 0.8833/9153 resistance zone next. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 01 10 06:40 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment and some more recovery might be seen to 4 hours 55 EMA (now at 0.8717) and above. But after all, upside should be limited by 0.8792 resistance and bring fall resumption. Below 0.8601 will target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 31 10 07:18 GMT |
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EUR/GBP dropped further to as low as 0.8601 last week but recovered since then. With 0.8686 minor resistance taken out, an intraday low is in place and initial bias is neutral this week. Some recovery might be seen to 4 hours 55 EMA (now at 0.8719) but after all, upside should be limited by 0.8792 resistance and bring fall resumption. Below 0.8601 will target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 29 10 07:15 GMT |
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At this point, intraday bias in EUR/GBP remains on the downside with 0.8686 minor resistance intact. Current decline is still expected to continue to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. On the upside, above 0.8686 will turn intraday bias neutral and bring recovery again. But upside is expected to be limited by 0.8792 resistance and bring fall resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 28 10 07:02 GMT |
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EUR/GBP's fall finally resumed by taking out 0.8650 and dives to as low as 0.8648 so far today. At this point, intraday bias remains on the downside and further fall should be seen to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. On the upside, above 0.8682 will turn intraday bias neutral and bring recovery again. But upside is expected to be limited by 0.8792 resistance and bring fall resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 27 10 15:19 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment as sideway consolidation from 0.8650 might still continue. But after all, even in case of another rise, upside should be limited below 0.8855 resistance and bring fall resumption. Break of 0.8650 will indicate that whole decline from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 27 10 07:40 GMT |
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EUR/GBP recovers strongly ahead of 0.8650 support and consolidations from there might still be in progress. Intraday bias is neutral for the moment. Nevertheless, even in case of another rise, upside should be limited below 0.8855 resistance and bring fall resumption. Break of 0.8650 will indicate that whole decline from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 26 10 06:17 GMT |
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EUR/GBP's sharp fall and break of 0.8720 minor support indicates that recovery from 0.8650 is completed at 0.8792 after hitting 4 hours 55 EMA, and below 0.8855 support turned resistance as expected. Intraday bias is flipped back to the downside and break of 0.8650 will confirm that whole decline from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 25 10 07:54 GMT |
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While further recovery in EUR/GBP cannot be ruled out, upside is still expected to be limited below 0.8855 support turned resistance. Below 0.8720 minor support will flip intraday bias back to the downside. Further break of 0.8650 will indicate that whole decline from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 23 10 13:58 GMT |
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EUR/GBP's fall extended to as low as 0.8650 last week before recovering. From a short term angle, some more recovery might be seen initially this week. But upside should be limited below 0.8855 support turned resistance and bring fall resumption. Below 0.8686 minor support will flip intraday bias back to the downside and bring fall resumption to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 22 10 07:56 GMT |
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With 4 hours MACD crossed above signal line, an intraday low is in place at 0.8650 and bias is turned neutral for the moment. Some consolidations should be seen but recovery is expected to be limited below 0.8855 support turned resistance and bring fall resumption. Below 0.8650 will target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 21 10 07:04 GMT |
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EUR/GBP's strong break of 0.8704 support suggests that whole decline from 0.9410 is still in progress and at this point, intraday bias remains on the downside for next target of 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. On the upside, above 0.8733 minor resistance will turn intraday bias neutral and bring recovery. But risk will remain on the downside as long as 0.8855 support turned resistance holds. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 20 10 14:07 GMT |
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EUR/GBP's fall resumes after brief recovery and reaches as low as 0.8687 so far in US session. The fall resumption and break of 0.8704 support suggests that recent decline is still in progress and 0.8704 will possibly be taken out firmly eventually. Intraday bias is on the downside as long as 0.8759 minor resistance holds. Sustained trading below 0.8704 will bring deeper fall to 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 next. On the upside, above 0.8759 minor resistance will turn intraday bias neutral and bring recovery. But risk will remain on the downside as long as 0.8855 support turned resistance holds. |
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EURGBP Outlook |
Written by ActionForex.com |
Jan 20 10 07:27 GMT |
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EUR/GBP dropped further to as low as 0.8697 today and is now pressing 0.8704 key support. As noted before, we're expecting strong support from 0.8704 to complete the whole correction from 0.9410. Intraday bias is neutral for the moment. ABove 0.8787 minor resistance will flip intraday bias back to the upside. Further break of 0.8855 support turned resistance will indicate that a short term bottom is formed and bring stronger rebound towards 0.9027 resistance. However, note that decisive break of 0.8704 will dampen our view and target 100% projection of 0.9410 to 0.8833 from 0.9153 at 0.8576 instead. |
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