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Report date: 18/12/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 0.7930 (stop at 0.7910)


Resistance 3 0.7952
Resistance 2 0.7950
Resistance 1 0.7930
Support 1 0.7910
Support 2 0.7895
Support 3 0.7860

Last Update 18/12/2014 - 6:52am

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Analysis

EURGBP - Intraday - We look to Buy a break of 0.7930 (stop at 0.7910)

Continued downward momentum from 0.8006 resulted in the pair posting net daily losses yesterday. This has resulted in a large symmetrical triangle formation being posted on the daily chart. Intraday, and we are between bespoke support and resistance 0.7910-0.7930 . Intraday signals are far from strong. The rally has posted an exhaustion count on the weekly chart.
Our profit targets will be 0.7950 and 0.7985

Resistance: 0.7930 / 0.7950 / 0.7952
Support: 0.7910 / 0.7895 / 0.7860

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Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.

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