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Report date: 01/09/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 0.7920 (stop at 0.7900)


Resistance 3 0.7959
Resistance 2 0.7936
Resistance 1 0.7914
Support 1 0.7900
Support 2 0.7873
Support 3 0.7842

Last Update 01/09/2014 - 7:08am

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Analysis

EURGBP - Intraday - We look to Buy a break of 0.7920 (stop at 0.7900)

The medium term bias is neutral. The selloff is close to an exhaustion count on the daily chart. Bespoke resistance is located at 0.7915. Trades at the lowest level in 4 weeks. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside .
Our profit targets will be 0.7959 and 0.7989

Resistance: 0.7914 / 0.7936 / 0.7959
Support: 0.7900 / 0.7873 / 0.7842

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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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