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Last Update 18/12/2014 - 6:52am
AnalysisEURGBP - 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
Not sure about the analysis? Learn how to trade our signals >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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