EURGBP Forecast: Is it Bottoming?
EURGBP Technical Analysis:
1)We have reached the confluence of two main Fibonacci extension levels
1.618 for wave AB
1.271 for wave CD
2) A three drives pattern completes near the current levels.
3) The EURGBP is testing the main long term descending support
Note that this is a counter trend idea and that makes it riskier to trade..
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Good luck, keep your stops tight..
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Technician
1)We have reached the confluence of two main Fibonacci extension levels
1.618 for wave AB
1.271 for wave CD
2) A three drives pattern completes near the current levels.
3) The EURGBP is testing the main long term descending support
Note that this is a counter trend idea and that makes it riskier to trade..
------------------------------------------------------------------------------------------------------------------------------------------------------------
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
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