Below is the technical chart of EURGBP currency pair with Ichimoku, Doda-Bollinger Bands and Doda-Donchian indicators.
For bigger view, I’ve taken daily time frame here.
You may download all these indicators from the download section of this website.
As it is clear from the chart, our technical indicator Doda-Donchian gave SELL signal on this currency pair on 26-Mar-2014, which was later confirmed by Doda-Bollinger Bands on 07-Apr-2014 @0.8235. It started its downtrend journey from there and today it is trading around 0.7926
The chart is still weak. No sign of uptrend even from here. Price below ichimoku cloud and below all indicators mentioned above. So, do not take any long position here if you see some upward pips movement.
On the downside, 0.7917 is the small support; followed by 0.7753, which was its low in year 2012.
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