Looking at EURGBP for the week, I see the possibility of it going long if it breaks the trendline and the POC area at 0.87320 upward but if it fails we RETREAT, knowing that more Contract was added on the EUR compared to the GBP. However, there is more weight on the GBP compared to the EUR, again the volatility for EurGBP was increased by 1%. Therefore, my overall basis for this pair is long.
Wait for a proper price action before going long as the price may likely go down for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks
Wait for a proper price action before going long as the price may likely go down for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks