|EUR/GBP : Back into its bearish channel|
|The euro continues to depreciate against the British Pound. The pair EUR/GBP is back below the upper band of its medium term bearish channel (purple lines).|
The pair has validated the breakout of the support at 0.79 and just made a pullback on this level.
However, in case of return above 0.7950, we will wait the breakout of 0.80 to advise long positions.
Analysis published by Vincent, the 07/11/2012 at 9h30 GMT+2
Update the 07/18 - The pair EUR/GBP continues its bearish trend below the upper band of its bearish channel (purple lines).
The breakout of 0.7850 will give a new sell signal.
Update the 07/20 - The pair EUR/GBP has validated the breakout of the support at 0.7850, offering a new sell signal.
A pullback on 0.7850 stay possible but the breakout of 0.78 will give a new sell signal.
|Complete sheet of the pair EUR/GBP - Previous EUR/GBP Analysis|
Chart of the pair EUR/GBP - Timeframe 1H
Chart of the pair EUR/GBP - Timeframe 4H
EUR/GBP Live Chart - Timeframe : 4h