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EURGBP Outlook |
Written by ActionForex.com |
Mar 13 10 13:16 GMT |
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EUR/GBP edged higher to 0.9132 last week but failed below 0.9137 retreat and retreated sharply. The development suggests that consolidation from 0.9137 is still in progress and fall from 0.9132 should extend further to retest 0.8980. Nevertheless, we'd expect downside to be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 to conclude the consolidation and bring rally resumption. Above 0.9137 will target trend line resistance at 0.9205 next. However, sustained break of 0.8956 fibonacci level will argue that rise from 0.8601 is finished and will target a retest of this support instead. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 12 10 06:25 GMT |
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EUR/GBP failed below 0.9137 resistance and the break of 0.9076 minor support indicates that an intraday top is in place at 0.9132 and turned bias neutral. The development suggests that consolidation from 0.9137 is still in progress and another fall could now be seen to 0.8980 support and below. Nevertheless, downside is expected to be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. Break of 0.9137 will target trend line resistance at 0.9213 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 11 10 07:38 GMT |
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As noted before, EUR/GBP's retreat should have completed at 0.8980 already. Intraday bias remains on the upside for 0.9137 resistance and break there will confirm that whole rally from 0.8601 has resumed and should target trend line resistance at 0.9213 next. On the downside, 0.9076 minor support will delay the bullish case and suggest that consolidation from 0.9137 is not completed yet. But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 in case of another fall and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 10 10 13:16 GMT |
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Intraday bias in EUR/GBP remains on the upside for a test on 0.9137 resistance. Break there will confirm that whole rally from 0.8601 has resumed and should target trend line resistance at 0.9213 next. On the downside, 0.9045 minor support will delay the bullish case and suggests that consolidation from 0.9137 is not completed yet. But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 10 10 07:26 GMT |
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As disused before, EUR/GBP's retreat from 0.9137 might have completed at 0.8980 already. Intraday bias is cautiously on the upside. Break of 0.9137 will confirm that whole rise from 0.8601 has resumed and should target trend line resistance at 0.9213. On the downside, below 0.9045 minor support will delay the bullish case and bring more consolidation first. But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 09 10 05:55 GMT |
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EUR/GBP's break of 0.9048 minor resistance suggests that retreat from 0.9137 is already completed at 0.8980. Intraday bias is flipped back to the upside for retesting 0.9137 first. Break will confirm that whole rise from 0.8601 has resumed and should target trend line resistance at 0.9213. On the downside, below 0.8980 will delay the bullish case and bring more consolidation first. But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 08 10 08:00 GMT |
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EUR/GBP's correction from 0.9137 is still in progress and further fall could still be seen with 0.9048 minor resistance intact, possibly to 4 hours 55 EMA (now at 0.8967). But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. Above 0.9048 minor resistance will flip intraday bias back to the upside for a retest on 0.9137 resistance first. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 06 10 14:06 GMT |
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EUR/GBP spiked higher to 0.9137 last week but formed a short term top there and pulled back since then. Initial bias remains mildly on the downside this week and deeper fall could be seen to 4 hours 55 EMA (now at 0.8963). But downside should be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. Above 0.9048 minor resistance will flip intraday bias back to the upside for a retest on 0.9137 resistance first. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 05 10 05:54 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment and some more consolidations could be seen. Nevertheless, downside is expected to be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. Above 0.9137 should target medium term trend line resistance at 0.9220 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 04 10 06:21 GMT |
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Intraday bias in EUR/GBP remains neutral for the moment and some more consolidations could be seen. Nevertheless, downside is expected to be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 and bring rally resumption. Above 0.9137 should target medium term trend line resistance at 0.9220 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 03 10 06:19 GMT |
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With 4 hours MACD crossed below signal line, an intraday top is in place at 0.9137 and bias is turned neutral. Some more consolidations might be seen and deeper pull back to 38.2% retracement of 0.8662 to 0.9137 at 0.8956, cannot be ruled out. But downside should be contained well above 0.8841 cluster support (61.8% retracement at 0.8843) and bring rally resumption. Above 0.9137 should target medium term trend line resistance at 0.9220 next. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 02 10 05:49 GMT |
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Intraday bias in EUR/GBP remains on the upside with 0.9002 minor support intact. Further rise is still expected to medium term trend line resistance at 0.9224 next. On the downside, touching 0.9002 minor support will turn intraday bias neutral first and bring consolidations. But downside should be contained well above 0.8841 resistance and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 01 10 13:27 GMT |
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EUR/GBP surged to as high as 0.9137 today and broke mentioned target of 0.9053 decisively. At this point, intraday bias remains on the upside and further rise should be seen to medium term trend line resistance at 0.9224 next. On the downside, touching 0.9002 minor support will turn intraday bias neutral first and bring consolidations. But downside should be contained well above 0.8841 resistance and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Mar 01 10 06:49 GMT |
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EUR/GBP surges to as high as 0.9003 today so far and further rise is still expected to 0.9053 resistance next (161.8% projection of 0.8601 to 0.8841 from 0.8662 at 0.9050). As note before, whole fall from 0.9410 is already finished with three waves down to 0.8601. Decisive break of 0.9053 should bring stronger rise to 0.9410/9799 resistance zone. On the downside, below 0.8917 minor support will turn intraday bias neutral first. But pullback should be contained above 0.8835 resistance turned support and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 27 10 08:03 GMT |
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EUR/GBP's strong break of of 0.8814 resistance and sustained trading above the near term falling trend line revived the case that fall from 0.9410 is already completed with three waves down to 0.8601. Initial bias remains on the upside this week and further rise should be seen towards 0.9053 (161.8% projection of 0.8601 to 0.8841 from 0.8662 at 0.9050) next. One the downside, below 0.8866 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained above 0.8749 support and bring rally resumption. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 26 10 05:47 GMT |
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EUR/GBP's strong break of 0.8841 resistance indicates that whole rebound from 0.8601 has resumed and revived the case that fall from 0.9410 is finished. Intraday bias is now on the upside for 0.9027 resistance to confirm this bullish case. On the downside below 0.8835 minor support will turn intraday bias neutral and bring consolidations but another rise would be in favor as long as 0.8749 support holds. However, break of 0.8749 will turn outlook mixed again and turn focus back to 0.8601/8657 support zone. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 25 10 06:17 GMT |
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Intraday bias in EUR/GBP remains neutral as the cross is still staying in tight range below 0.8841 resistance. Below 0.8657 will target 0.8601 first. Break there will confirm that whole decline from 0.9410 has resumed for 0.8399 key support next. However, above 0.8841 will shift favor to the case that EUR/GBP has already bottomed out at 0.8610 and will bring stronger rally instead. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 24 10 06:36 GMT |
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Intraday bias in EUR/GBP remains neutral as recovery was limited below 0.8841 resistance and the cross reversed. As noted before, another fall is still in favor as long as 0.8841 resistance holds. Below 0.8657 will target 0.8601 first. Break there will confirm that whole decline from 0.9410 has resumed for 0.8399 key support next. However, above 0.8841 will shift favor to the case that EUR/GBP has already bottomed out at 0.8610 and will bring stronger rally instead. |
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EURGBP Outlook |
Written by ActionForex.com |
Feb 23 10 05:10 GMT |
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Near term outlook in EUR/GBP remains mixed and intraday bias is neutral. Note that another fall is still in favor as long as 0.8841 resistance holds. Below 0.8657 will target 0.8601 first. Break there will confirm that whole decline from 0.9410 has resumed for 0.8399 key support next. However, above 0.8841 will shift favor to the case that EUR/GBP has already bottomed out at 0.8610 and will bring stronger rally instead. |
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