FX:EURGBP Euro Fx/British Pound
Long EURGBP at .8465 after a strong move today post this morning's ECB rate announcement. Price responded positively to the unchanged outlook on rates and has confirmed the strong doji which formed two days ago signaling a bottom. Coincidently the doji lines up well with support on the daily. I look for a conservative price target of .865 with a stop at .835. If you follow my 10000 USD recommendations I advise a 10000 USD long position.