EUR/GBP Trading Room

FXstreet.com (Barcelona) - Germany's above consensus Trade Balance has been strengthening the EUR/GBP up to Friday's high, at 0.8265. Falling since July 2011 and now trading at 2010 prices since this month, pressure to the downside remains

No change in EUR/GBP's outlook. Consolidation from 0.8221 is still in progress and further recovery might be seen. But strong resistance is expected from 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to limit upside and bring fall resumption eventually

Daily Pivots: (S1) 0.8336; (P) 0.8355; (R1) 0.8390

New data base from me
Daily Pivots: (S1) 0.8335; (P) 0.8366; (R1) 0.8385

EUR/GBP's consolidation from 0.8221 is still in progress and further recovery cannot be ruled out. But upside is expected to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption

Time to react, the Euro will rise until the start Olympic Games

.80300 -» .81*** up

After 27th June see my beautiful coin go uppppppppp! (sterling of course)

Euro will fight!

EUR/GBP - one way ticket down to the drain.

GBP is so strong...

lots of support broken, now have lots of resistance over head...
we are caught up in some old 1993, and 2008 "stuff"

Profit

one more push to 7844 and i'm short....

http://img.photobucket.com/albums/v6...at103626PM.png

Classic textbook day for EUR/GBP today. Huge broadening wedge being made today while still being in a longer term downtrend ( 1h - 4h + ).

Last move down was from a textbook H&S as well. Some good downwards potential in case this is a continuation pattern...
If price is heading for the H&S neckline yet again to form a right shoulder in this broadening wedge I'm going to print this chart and put it on my wall. It would be art.

http://img43.imageshack.us/img43/6076/naamlooskgv.jpg

Continuation it is

Im going long here boys, based on the daily hammer candle.

Art once again! EUR/GBP is sure target of some creative designers.
Double H&S on an inverse wigwam.

http://img138.imageshack.us/img138/9927/naamloosif.jpg

Looks like some support at 7905 here. Let's see what happens

EUR / GBP continues to move in a tight range of 15 points during the European session. Mixed economic data from Germany, the UK and Italy have had little effect on risk sentiment as investors and traders look ready to wait for Bernanke's speech at Jackson Hole Symposium before taking definitive action.

Tp after 4 days

Reviving a very very instructive thread on EUR/GBP.

I MIGHT be looking to buy for a test of the 38% or 50% retracement

looking for a 100pip upside move today

Can anyone explain me how the hell this pair works???