ForecastCity

Excellent Long-Term Hunting Opportunity in EURGBP, Don't miss it

Short
ForecastCity Updated   
FX:EURGBP   Euro / British Pound
Trading suggestion:
There is possibility of temporary retracement to suggested resistance zone (0.9150 to 0.9305), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profit:
TP1= @0.9045
TP2= @0.8930
TP3= @0.8850
TP4= @0.8785
TP5= @0.8725

Take Profit:
TP6= @0.8625
TP7= @0.8490
TP8= @0.8345
TP9= @0.8250
TP10= @0.8115
TP11= @0.7750
TP12= @0.7590
TP13= @0.7415
TP14= @0.6935
TP15= @Free

Technical analysis:
.A vale is formed in daily chart at 0.8760 on Fri, 12/15/2017, so more gains to resistance(s) 0.8930, 0.9045 and maximum to resistance zone (0.9150 to 0.9305) is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 55.
.Current short-term is range bound, but resumption of downtrend is expected.
Trade active:
EURGBP , Weekly Update: TP6 hit. New buy opportunity
Trading suggestion:
There is possibility of temporary retracement to suggested resistance line (0.8970), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index ( RSI ) is 51.
.Current short-term is range bound, but resumption of downtrend is expected.

Closed Profit:
TP1= @0.9045
TP2= @0.8930
TP3= @0.8850
TP4= @0.8785
TP5= @0.8725
TP6= @0.8625

Take Profit:
TP7= @0.8490
TP8= @0.8345
TP9= @0.8250
TP10= @0.8115
TP11= @0.7750
TP12= @0.7590
TP13= @0.7415
TP14= @0.6935
TP15= @Free

High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas

✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007

FREE Telegram 👉 t.me/forecastcity_com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.