FOREX TRADING

EUR/GBP

Current level – 0.8276

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  continuation in the corrective move until 0.8300 figure. Trendline support in 0.8260/50, if it stays above look for a push to 0.8330 Fib level.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8122

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  break through 0.8200 level mainly due to sterlings rally leaves support in 0.8100 handle as a short covering spot. We are expecting some consolidation but having in mind the drop could extend until 0.8000 pycho level.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8262

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  Slipped below 0.82 handle until 0.8180. Constructing a short term bullish structure in a attempt to reach 0.8300. Maintaining our bearish bias without ruling out a 200 pip range trade.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8362

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  short term bullish construction, supported by 0.8250 and MA convergence zone. Looking for a retest of 0.8410.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8332

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  bounces off 0.8250/60 level. Look for a consolidation phase between 0.8410 and 0.8200. Key intraday resistance in 0.8350 .

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.847

Longer term bias is neutral for the pair. Trading in a wide range between 0.8450 and 0.8750 area.

Intraday:  holding above key support zone between 0.8420/50.  Watch for a break below support area between 0.8450 and 0.8400 figure.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8479

Longer term bias is neutral for the pair. Trading in a wide range between 0.8450 and 0.8750 area.

Intraday: short term bullish trendline broken, tested support in 0.8450 and pulled back to 0.8500 resistance. Watch for a break below support area between 0.8450 and 0.8400 figure.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8544

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday: rebounds from minor bull trendline but capped by 50MA, favour a retest of 0.8450 zone.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8565

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday: MA convergence zone broken. To reach short term bull trendline close to 0.8500. In range trade mode.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8621

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday:  breached 0.8650 – 0.8700 resistance area which is key bear trendline and retraced back to MA convergence zone. In range trade mode.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8513

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday:  retreats from 0.8600 resistance and holding above 0.8500, look for more bearishness if we breach our last support reference in 0.8450.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8572

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday: No news for the pair, trader a narrow range yesterday.Choppy price action still favouring the downside.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8614

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday: Unable to break below active strong long term support in 0.8400/30. Next upside target around 0.8650-0.8700.

Profit-taking affects gold curbing silver and platinum

(more…)

EUR/GBP

Current level – 0.8508

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday: Capped by 0.8540, still active strong long term support in 0.8400/30. Expect some bullish action here and watch closely if we break below.

Profit-taking affects gold curbing silver and platinum

(more…)

EUR/GBP

Current level – 0.8458

Longer term bias is neutral for the pair. Building bullish momentum after rebounding from 0.8430 support.

Intraday:  close to critical long term support in 0.8400/30. Expect some bullish action here and watch closely a break below.

Profit-taking affects gold curbing silver and platinum

(more…)