EURGBP trade ideas
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8769). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.8866
TP2= @ 0.8910
TP3= @ 0.8994
SL= Break below S2
EURGBP MONTHLY WAVE ANALYSISTHE PATTERN IS LEADING DIAGONAL IN WHICH WAVE 5 IS UNFOLDING WHICH HAS POSSIBLE TARGET 1.0160-1.0664 PRICE ZONE
EURGBPPOUND will be strong starting of the week than Euro, EURGBP is the pair looking for bearish at initial movement then it reverse back to bullish..
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9035). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 24.
Take Profits:
TP1= @ 0.8938
TP2= @ 0.8842
TP3= @ 0.8745
SL: Break Above R2
