Thursday, 26 February 2015

EUR/GBP Techncal Analysis and Forecast for Friday, February 27 2015


EUR-GBP-Forex-Technical-Analysis-Signals
EUR/GBP
 
SUMMARY : The primary trend of EUR/GBP is bearish. The pair has given a breakout of falling trendline & sustaining successfully below the breakout level. prices are looking further bearish for the few upcoming sessions. Today if the pair breaks 0.7250 then we can expect it to continue its ongoing down trend & test the level of 0.7200/ 0.7171 in today's session. RSI is sustaining in selling territory supporting the downside movement in the pair.
MACD line is sustaining below the zero line,indicating the up coming bearishness in the market.
   

STRATEGY :- EUR/GBP is looking weak on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

EUR-GBP-Forex-Technical-analysis-Chart
Technical Chart

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