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EUR GBP Sharp Bullish Breakout

By admin on 23/07/2010

Price action on EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week?s sharp downmove in GBP/USD and milder upmove in EUR/USD by continuing last week?s bullish momentum that broke out above 0.8400. For more technical analysis on this currency pair, please click here for Monday’s (7/19/2010) Chart [...]

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EUR GBP Bounce off Strong Support within Strong Downtrend

By admin on 11/06/2010

Price action on EUR/GBP, a daily chart of which is shown, dropped down to key support in the important 0.8200 price region, a new 18-month low, before making a bounce as of Tuesday (6/08/2010) morning New York session. This occurs within the context of a steep and accelerated overall downtrend extending from the March highs. [...]

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EUR GBP Trendline Support Breakdown

By admin on 23/04/2010

Price action on EUR/GBP, a daily chart of which is shown, has tentatively broken down below a confluence of two different uptrend support lines ? one extending from the June 2009 low, and the other extending from the July 2007 low. This tentative confluence breakdown occurs within the context of a month-long downtrend extending from [...]

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EUR GBP Euro Dominance Resumes

By admin on 07/10/2009

As shown on the EUR/GBP daily chart, after making a minor bearish correction in the current steep uptrend, the euro has begun to resume its dominating position over the British pound. Price is currently approaching the 0.9300 high (almost a 6-month high) that was reached early last week with a clear shooting star candle. For [...]

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EUR GBP Bearish Correction in Steep Uptrend

By admin on 30/09/2009

Price action on EUR/GBP, a daily chart of which is shown, has made a minor bearish correction within a steep overall uptrend. This occurs after price hit an approximate 6-month high around 0.9300 with a clear shooting star candle (a bearish indication) earlier in the week. As of Wednesday (9/30/2009), the bearish retracement has descended [...]

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