Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8556).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.85499).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
On weekly Chart Eurgbp has taken resistance 3 times from 0.91000.and Price has formed bearish engulfing candle too with long wick which suggest sellers are in control now. I will enter only if price breaks the Important level of 0.89200.
