EURGBP Technical Analysis (2-6 February,2015) | January 31, 2015

EURGBP has rejected from near term resistance area. It tired to break that resistance and rejected from that area. It is still on down trend. We can see some rejection candle on H4 time frame on the resistance zone at 0.7515-0.7530. Below this resistance, we can stay on downside in this pair.


In Technical Indicators view

In daily chart, MACD indicator is below 0.0 level. So this indicator is giving sell signal in this pair

In daily chart, RSI indicator is below 50 level which also indicates downtrend.

50, 100, 200 Moving averages are also giving sell signal because price is below these moving averages.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7607

Resistance One (R1): 0.7548

Pivot Point: 0.7475

Support One (S1): 0.7416

Support Two (S2): 0.7343