Euro/sterling

[sabanoor]

Euro/sterling
Last week's range: 0.6768 � 0.6811 (Mixed)
Previous range: 0.6756 � 0.6852 (Down)
Euro/sterling traded sideways in a tight range and within an inside range. Thus, the outlook remains mixed.
Initial support is still seen at 0.6756. This is followed by a Fibonacci retracement level at 0.6740. Further support remains at 0.6725. Strong support follows at 0.6690 and 0.6660.
Immediate support remains at 0.6795. Strong resistance follows at 0.6858 from a Fibonacci retracement level. A pivot high still lies at 0.6867. Distant resistance is at 0.6960.
NEAR-TERM: Mixed
MEDIUM-TERM: Mixed
LONG-TERM: Bearish

[studiowarks]

0.6737. Market should not go lower than 0.6716. After this move down it should go up to 0.6737 - 0.6753 area.

[back]

Continues to trade around 0.6730

[lucky]

EUR-GBP
0.6715. We prefer to see an attempt to below 0.6704 or below 0.6694 in extension. A clear break of 0.6726 is bullish.

[lucky]

EUR-GBP
0.6743. A corrective/consolidation activity between 0.6717 and 0.6776 is likely for a while.