EUR/GBP
TODAY'S 4 HOUR TREND The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its weekly chart. In weekly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 0.7875 and Support level of 0.7235
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: EUR/GBP is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
One thing is almost certain - the pair will probably reach 0.7880 - 0.7885
This chart will say much of the story:
The pair is taking strong support at 0.7800 levels beyond which if it goes GBP will be battered badly.
It looks like the bullish trend has paused for now and the pair will probably retrace back to 0.76.
It looks like the bullish trend has paused for now and the pair will probably retrace back to 0.76.
At present i am not doing any trades in this pair 
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The primary trend of EUR/GBP is bearish on charts. In its 4 hourly chart, the pair is sustaining below the trend line and is consolidating at lower levels. Its 50 day SMA has crossed below 200 day SMA indicating the bearish trend in the pair. It is having an important resistance at the level of 0.7250 and support at the level of 0.7120. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory supporting the upcoming bearish trend in the pair.
RSI is also sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.