theforexportal

SHORT EUR/GBP at market

Short
theforexportal Updated   
FX:EURGBP   Euro / British Pound
EUR/GBP sits at a significant level. Price is slipping beneath a confluence of 200 sma 50 sma and 50.0 Fibonacci on H240.

This looks a significant move and a failure to hold .7740 could see this pair enter a long term down phase.

I'm in this market from .7751 and .7743 with a STOP at .7790.

Target for this trade is .7350 area (200 sma on Daily TF)
Trade active:
SHORT from .7751
STOP .7790
Target OPEN
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.