CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope

RESISTANCE LEVELS: 0.91098

SUPPORT LEVELS :0.8131

PAIR ANALYSIS :

The EUR/GBP pair is in a trendless tendency as indicated in fig 1. From the bearish retracement at the resistance line at 0.88001 line the currency pair has been dominated by a bearish positions tendency with few corrections along the pattern channel. The key level at 0.86630 indicated a resistance that can suggest the possibility of a secondary bearish retracement. The Linear Regression Slope at 0.001, the MFI and the configuration of the Parabolic Sar seem to support the trendless forecast. A bearish crossing at 0.813 can validate a significant bearish domination. It can be formulated a forecast level price at 0.86598 .
Good trading to the Dukascopy Community.


FIGURE 1 shows the tendency





FIGURE 2 indicates the forecasting pattern


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