TECHNICAL ANALYSIS
EUR/GBP is primarily bearish on the charts and the currency pair is sustaining below the trend
line in its hourly chart. In hourly chart the price is sustaining
below 50 day SMA and taking resistance of 200 day SMA indicating
downtrend of the pair. It is having an important resistance at the
level of 0.7050 and support at the level of 0.7000. If it breaks its
support level on the downside and sustains below it then we can
expect it to show further bearish movement in the pair.
FOREX INDICATORS
MACD is sustaining in
its negative territory indicating the bearish trend in the pair.
RSI is sustaining in
its selling zone indicating the upcoming bearish trend in the pair.
TRADING STRATEGY
EUR/GBP is
looking bearish on charts for next few trading session. One can go
for sell on higher level strategy for this pair for intra day to mid
term positions in it.
Currency Pairs Pivot Points
PAIR
|
S3
|
S2
|
S1
|
PIVOT
|
R1
|
R2
|
R3
|
EUR/USD
|
1.0512
|
1.0534
|
1.0552
|
1.0574
|
1.0592
|
1.0614
|
1.0632
|
GBP/USD
|
1.4929
|
1.4960
|
1.5009
|
1.5040
|
1.5089
|
1.5120
|
1.5169
|
USD/JPY
|
122.10
|
122.38
|
122.80
|
123.08
|
123.50
|
123.78
|
124.20
|
USD/CHF
|
1.0189
|
1.0221
|
1.0256
|
1.0288
|
1.0323
|
1.0355
|
1.0390
|
AUD/USD
|
0.7100
|
0.7134
|
0.7183
|
0.7217
|
0.7266
|
0.7300
|
0.7349
|
EUR/GBP
|
0.6956
|
0.6983
|
0.7001
|
0.7028
|
0.7046
|
0.7073
|
0.7091
|
USD/CAD
|
1.3222
|
1.3265
|
1.3308
|
1.3351
|
1.3394
|
1.3437
|
1.3480
|
NZD/USD
|
0.6447
|
0.6480
|
0.6538
|
0.6571
|
0.6629
|
0.6662
|
0.6720
|
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