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Report date: 17/04/2014
* All times are displayed in GMT (London time)

Summary

SELL
We look to sell at the 7:00am open with a stop at .8250


Resistance 3 .8300
Resistance 2 .8270
Resistance 1 .8250
Support 1 .8200
Support 2 .8190
Support 3 .8160

Last Update 17/04/2014 - 7:42am

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Analysis

Today’s Call – EURGBP – We look to sell at the 7:00am open with a stop at .8250

EURGBP - Yesterday\'s price action resulted in a bearish outside day as Sterling out-performed and posted new highs for 2014. The break of support is negative for EURGBP and we expect further selling pressure to ease prices lower. Initial support should be seen near the .8200 level, however our 1st target is lower to account for a satisfactory risk/reward ratio. We look to sell at the 7:00am open with a stop at .8250. Our profit targets will be .8190 & .8160.

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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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