Forex Signals

Most of the time the pairs that I look at are US dollar-related as they give both an indication of general risk themes in the market and the specific strength or weakness in a currency.  However today I am looking at EUR/GBP as the chart looks too juicy to pass up.
As we can see from [...]

Price action on EUR/GBP (a 4-hour chart of which is shown) as of Friday (3/25/2011) has consolidated just under 0.8800 after breaking out above 0.8760 resistance on Thursday. This occurs within the context of a very well-formed uptrend that has been in place since the mid-February lows. Since those lows, price has made regular dips [...]

Hello. Here’s a quick update to the EURGBP trade setup highlighted 2 days ago:
EURGBP daily chart 3-24-2011
EURGBP weekly chart 3-24-2011
So far, so good. As planned 2 days ago, I’m currently holding a long position and will look to close it only if the rally fades – hence EURGBP returning into the .86 region.
Another setup worth your [...]

By Dan Eduard
After falling well over 100 pips since late last week, the EUR/GBP pair seems poised for a bullish reversal in the near future. Long term technical indicators are showing a potentially significant upward correction, giving forex traders a great opportunity to open up long positions before the upward breach [...]

Price action on EUR/GBP (a 4-hour chart of which is shown) as of Tuesday (11/23/2010) has once again dropped down to (and slightly breached) key support in the 0.8450 price region, the level that was established as a double-bottom low early last week. This 0.8450 support level currently also coincides approximately with a key uptrend [...]

By Greg Holden – The EUR/GBP has been receiving some support at its current price level. We can see on the chart below that the pair has touched the 0.8500 price mark and hurriedly bounced off. The EUR has been falling amidst debt concerns in the euro zone’s periphery, but it appears [...]

Price action on EUR/GBP (a 4-hour chart of which is shown) as of Friday (10/22/2010) has reached up to a key bullish resistance target in the 0.8900 price region, establishing a 6-month high, after having followed a strong parallel uptrend channel since the early September lows. For more technical analysis on this currency pair, please [...]

Price action on EUR/GBP (a 4-hour chart of which is shown) as of Tuesday (10/12/2010) has made a swift breakout above key resistance in the 0.8730 price region as well as a counter-trend retracement trendline that has been in place since late last week. This breakout occurs within the context of a clear parallel uptrend [...]

Price action on EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week’s sharp downmove in GBP/USD and milder upmove in EUR/USD by continuing last week’s bullish momentum that broke out above 0.8400. For more technical analysis on this currency pair, please click here for Monday’s (7/19/2010) Chart [...]

EURUSD – 1.2287
The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution is advised for those buying into [...]