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Report date: 26/11/2014
* All times are displayed in GMT (London time)

Summary

SELL
We look to Sell at 0.7949 (stop at 0.7969)


Resistance 3 0.8000
Resistance 2 0.7990
Resistance 1 0.7949
Support 1 0.7909
Support 2 0.7875
Support 3 0.7850

Last Update 26/11/2014 - 10:49am

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Analysis

EURGBP - Intraday - We look to Sell at 0.7949 (stop at 0.7969)

The Marabuzo level from the 21/11 is located at 0.7949 . Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break lower. Further downside is expected although we prefer to sell into rallies close to the 0.7949 level.

Our profit targets will be 0.7909 and 0.7875

Resistance: 0.7949 / 0.7990 / 0.8000
Support: 0.7909 / 0.7875 / 0.7850

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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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