The value of this exchange ratio continues its sideways movement, for this meeting as we might think of opening a long position if the price were to rise up to break the rising value of 1.3290, by fixing the first lens portion and the second 1.3310 aim at an altitude of 1.3330. Should the price instead of breaking the downward share price fixed at 1.3190, then we could open a position in sales with the first goal at an altitude of 1.3180 and 1.3160 ​​share for the second goal.

EUR / GBP

For the day today we could open a new long position if the price were to break up the share of 0.8420, with the first target at an altitude of 0.8440 and 0.8460 share for the second goal. If the price were to break the downward portion of 0.8360, then we could open a new short position with the first goal with a second goal and share 0.8350 0.8340 share.

USD / JPY

Exceeded the level set at 80, even today, this exchange ratio could be higher. We could open a new location if the purchase price should break the rising share of 80.20, placing the first goal at a height of 80.30 and 80.40 seconds at an altitude goal. If the price were to return to fall below an altitude of 79.80, then we could open a new position as the first sale fixing the quota target 79.70 and 79.70 as the second target share.

GBP / USD

Big drop in the exchange ratio for this thus far, for the trading day today we might consider opening a new location in the purchase if the price were to break the rising share of 1.5860, with the first goal to share and 1.5870 the second target at an altitude of 1.5880. If the price falls to the bottom to break up the value of 1.5750, then we could open a new short position with the first goal at a height of 1.5740 and 1.5730 share for the second goal.

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We will still pay attention to an output current range is from above or from below. Nevertheless, it is possible that we wait tomorrow with the German IFO.

Above 3290, the objectives are on 3320/30 which will be resistance to move to go to 1.35.
A decline in 3210 and then 3180/70 will be the next area of support. As long as we stay above 3150, all downward movements should be stopped. Finally, macds 30 minutes and 4 hours are bullish and we will remain slightly yesterday as buyer.

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For the day today we might consider opening a new long position if the value of this exchange ratio should break the rising share of 1.3310, by fixing the first lens portion and the second lens 1.3330 1.3350 share. If the price of this exchange ratio should break the downward portion of 1.3210, then we could open a new sale by putting the first goal at an altitude of 1.3190 and 1.3180 share for the second goal.

EUR / GBP

For today’s session we open a new long position if the price of this exchange ratio should break the rising share of 0.8390, by fixing the first lens portion and the second lens 0.8400 0.8410 share. If the price of this cross currency should instead break down and go under the quota of 0.8345, we could open a short position with the first goal at a height of 0.8320 and 0.8300 share for the second goal.

USD / JPY

For the day today with regard to this exchange ratio, we could open a long position if the value exceeds the rise in the share of 78.20, placing the first goal at a height of 78.30 and the second target at an altitude of 878.40. If the price were to break the downward portion of 79.60, then we could open a new short position with the first goal at a height of 79.50 and 79.40 seconds at an altitude goal.

GBP / USD

For the trading day today we might consider opening a new long position if the price of contract should break the rising share of 1.5880, setting as its first objective the achievement of the share and 1.5890 as the second objective of proportion of 1.5900. If, however, the price of this exchange ratio should fall and break the downward portion of 1.5820, then we could open a new short position with the first target at an altitude of 1.5810 and 1.5800 share for the second goal.

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As long as we stay on top of these supports, it is possible to continue some sort of consolidation with the highest. But a passage in 3210 would send us back to the area of 3180/70.

This morning, the MACD is bearish 30 mins while 4h is he bullish sign that consolidates indicators.
Note all the same, the possible formation of a double top in 4 hours that could take us back to 1.31/3080 in this

weekend, hence the need to monitor 3220/10.
Vendors will stoploss of between 3295 and 3305.

Buyers will buy media but slightly under 1.32, they must be careful not to get trapped in a trap buyer.
Finally a passage above 1.33 should we be tested 3320/30 and 3380.

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It ‘s interesting to note that the Fibonacci theory and its extensions originated when the math was merely trying to calculate at what rate and extent of the rabbits were able to reproduce. The Fibonacci sequence has been applied to many aspects of the universe, yet his success and practicality in the Forex market is extremely useful for any trader.

But what makes this sequence of numbers so special? Each number in the Fibonacci sequence has a specific mathematical relationship, as well as some unique aspect, which is the result of a constant equal to 0.618 when each number is divided by the number above and for the next number.

61.8% is a very significant number for a trader Forex decides to use the Fibonacci retracement levels. Other very common numbers used by traders in the currency market can be 38.2% and 50%.

Usually you can use an automatic program to apply the method to a Fibonacci forex chart. However, the data from this method of trading have little significance unless they are placed in a context of general development trend, whether up or down. Practically, we Fibonacci is also useful to calculate the levels of support and resistance, we will see in the next article. For now, the important thing to know is that if you want to have real success in the Forex need to know the practical applications of Fibonacci.

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As usual 3140/30 will act as intermediate support area.
On the upside, and above 3180/70, the test will return during 3210/20 see 3240

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Again, the Greek crisis has weighed on the Pound Sterling, but the dollar has not really benefited the opposite of last week. By Monday, all eyes are fixed on Brussels and the expected agreement should relieve European currencies and therefore the pound, it should also benefit.

Nevertheless, we must not forget that the daily MACD is bearish. For now and until we take over 5680/5720, one can well imagine that this is a bearish retracement of the rise began in early January.
If this were the case, then we would be in an area of consolidation (a flag) before the start of a new bullish for 1.60/1.61. Accordingly, we would buy on the supports of 5720/5680.

By cons and even more in 5720 and in 5680 the downward trend would take precedence. While playing? Perhaps the points that we know, namely;
the support area 5680/5720 for a return of 5880/5920. We play until these points are so over the top management and therefore 1.60/1.61. Or down by selling support area for 5580/5520.

At the same time, let us not forget, the midpoint of 5820, with over upward for 5880/5920 and below 5720/5680.

Our tip for the week; We buy over 5820 and it sells below

We buy 5820/30 to 5920/80 and 1.60
We sell 5880/5820 for 5720/5680
We buy 5680/5720 for 5880/5920
We sell 5670 to 5580/20

Statistics that can influence the currency pair

February 20 meeting in Brussels of the Eurozone
February 20 US holiday
Bank of England on February 22
February 24 UK GDP
February 24 Michigan

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The euro lost ground against the greenback, our graphs show that for the session today, we might consider opening a new long position if the price of this change would break the rising share of 1.3165, by fixing the first aim at an altitude of 1.3180 and 1.3190 share for the second goal. If the price were to fall again and break the downward portion of 1.2990, we could open a short position with the first target 1.2970 and 1.2960 second goal.

EUR / GBP

For today’s session we open a new long position if the price exceeds the rise in the share of 0.8340, with the first goal at a height of 0.8360 and 0.8380 share for the second goal. On the contrary if the price were to break the downward portion of 0.8290, then we could open a short position with the first goal at an altitude of 0.8270 and 0.8250 share for the second goal.

USD / JPY

For today’s trading day attention to breakout to the upside of 78.60 fee, as happens when we go long, and set the first goal at an altitude of 78.80 and 79.00 seconds at an altitude goal. If the price of this exchange ratio should break the downward part 78.20, then we could open a new short position with the first goal at a height of 78.10 and 78.00 seconds at an altitude goal.

GBP / USD

For the trading day today we open a new sale if the price were to break the 1.5735 share, setting a first target share 1.5750 1.5770 share and as a second goal. If the price of this exchange ratio should break the downward portion of 1.5650, then we could open a new short position with the first target 1.5630 and 1.5610 second goal.

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And finally also sell 3020/30 with stoploss between 35 and 50 for 2980/70 and 2840. We buy over 2980/70 to 3050/80.
Warning auction at 10.40 Spanish and French at 10:50

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Ups and downs for our currency against the U.S. dollar for the day today we might consider opening a new vaposizione long if the price were to rise up again to break the rising share of 1.3210, by fixing the first lens to share 1.3230 and 1.3260 share for the second goal. If the price falls to the bottom and break the share of 1.3080, then we could open a new short position with the first target 1.3060 and 1.3040 share for the second goal.

EUR / GBP

For the day today we might consider opening a new location in the purchase if the price were to rise up to break the rising share of 0.8420, with the first lens portion and the second obiettivho 0.8440 to 0.8460 share. If the price falls to the bottom to break up the share of 0.8350, then we could open a short position with the first goal at a height of 0.8330 and 0.8330 share for the second goal.

USD / JPY

For the trading day today we might consider the idea of ​​a new long position if the price exceeds the rise in the share of 78.80, with the first goal at a height of 78.90 and 79.00 seconds at an altitude goal. If the price of this exchange ratio should break downward the share of 78.05, then we could open a short position with the first goal at a height of 77.90 and 77.70 seconds at an altitude goal.

GBP / USD

For today’s session we might consider opening a new long position if the value of this exchange ratio should break the rising share of 1.5780, with the first goal at a height of 1.5790 and 1.5800 share for the second goal. If the price were to continue the trend and get up to break down 1.5640 share, then we could open a new short position with the first goal at a height of 1.5620 and 1.5600 share for the second goal.

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