By in commentary, technical analysis

Forex Technical Analysis – EURGBP is a “Buy” here

FuturesTechs is looking to add to it’s Forex coverage in the coming weeks and months, and re-vamping our website to make it more “user friendly” for Individual traders, with extra emphasis on Forex.

Below is an excerpt from today’s report for EURGBP:

Yesterday we said: ‘Buying dips to 7970 with a stop below 7940 is the play for today. Upside targets include a 38.2% retracement at 8042 and a minor resistance level at 8096-99.’

Little has changed from yesterdays commentary so following yesterdays dip and marginal weakness overnight Buy 7970. Stop 7940. Targets are 7997, 8010 and 8035.

Please click on the buttons above to request a free trial of our award winning daily analysis. We also publish the analysis on our iPad App (search for FuturesTechs on the App store).

Markets covered include Equity Indices (DAX, Eurostoxx, Dow, S&P, NASDAQ), Bonds and STIRS (T-Notes, Bund, Bobl, Schatz, Euribor, Short Sterling), Commodities (Brent, WTI, Gold, Silver, Corn, Wheat and Soybeans) and a number of leading FX Crosses.

“WATCH THIS SPACE” for up and coming enhancements to our Forex Service for Individual traders.