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Report date: 22/10/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 0.7911 (stop at 0.7881)


Resistance 3 0.8045
Resistance 2 0.7979
Resistance 1 0.7911
Support 1 0.7873
Support 2 0.7826
Support 3 0.7798

Last Update 22/10/2014 - 4:15pm

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Analysis

EURGBP - Intraday - We look to Buy a break of 0.7911 (stop at 0.7881)

Trades at the lowest level in 6 days. The medium term bias remains bullish. A bullish reverse Head and Shoulders is forming. We have a 61.8% Fibonacci pullback level of 0.7872 from 0.7766 to 0.8045. Bespoke resistance is located at 0.7911.
Our profit targets will be 0.7979 and 0.8045

Resistance: 0.7911 / 0.7979 / 0.8045
Support: 0.7873 / 0.7826 / 0.7798

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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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