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ForecastCity
May 17, 2020 2:39 PM

Don't miss the great buy opportunity in EURGBP Long

Euro Fx/British PoundFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8877). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.

Take Profits:
TP1= @ 0.9015
TP2= @ 0.9165
TP3= @ 0.9317

SL= Break below S2
Comments
Mehmetozdemi
Nice thorough Analysis
ForecastCity
@Mehmetozdemi, You're welcome!🙏
Thank you for following us and your support
Shiva_forex
thanks for your ideas
ForecastCity
@Shiva_forex, You're welcome!🙏 we're glad you enjoyed it.
tmurf00
Possible retest to look out for
ForecastCity
@tmurf00, Thanks for your comment on this idea.
Ahmedtimoos
Thank you for your idea perfect
ForecastCity
@ahmedhanad2022, You're welcome!🙏 we're glad you found it a perfect idea.
Best_Forecast
I truly feel like I am learning quite a lot from you! Thanks!
ForecastCity
@Alexander_007, You're welcome!🙏 we're glad you found it useful.
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