Thursday 27 August 2015

EURGBP Technical Analysis for Friday, August 28 2015


EUR/GBP is having sideways secondary trend on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 DMA is also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 0.7275. If it breaks its support level at downside then we can expect it to test the level of 0.7235/0.7205.

INDICATORS: MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

EUR-GBP-Technical-Analysis


TRADING STRATEGY: EURGBP 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.


Pivot Points
S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.1012
1.1107
1.1176
1.1271
1.1340
1.1435
1.1504
GBP/USD
1.5202
1.5285
1.5343
1.5426
1.5484
1.5567
1.5625
USD/JPY
118.45
119.11
120.07
120.73
121.69
122.35
123.31
USD/CHF
0.9388
0.9448
0.9555
0.9615
0.9722
0.9782
0.9889
AUD/USD
0.7028
0.7062
0.7115
0.7149
0.7202
0.7236
0.7289
EUR/GBP
0.7212
0.7243
0.7273
0.7304
0.7334
0.7365
0.7395
USD/CAD
1.3016
1.3096
1.3147
1.3227
1.3278
1.3358
1.3409
NZD/USD
0.6375
0.6402
0.6436
0.6463
0.6497
0.6524
0.6558

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