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Pjorge89

Short on EURGBP

Short
Euro / British Pound (FX:EURGBP)  
Pjorge89  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Beyond Technical Analysis short EURGBP Bearish Patterns pound euro downside EUR GBP
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trendanalysis chartpattern beyondta short eurgbp bearish pound euro downside eur gbp
I believe that we are temporarily bearish on EURGBP. We are not ready to fully decide whether or not to say that we are in a trend reversal, but
from what I see, it is a possibility. Price has been respecting the .8850 Montly Level/Resistance. If we break the strong level of .8750. We may be in
store to see a trend reversal. We've already broken the monthly and weekly ascending trend line so anything is possible. Targets are shown on chart.
Safe Trading

Risk Reward:
Target 1: 1:6
Target 2: 1:3.5
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