capitalpropertiesfx

EURGBP - getting ready to go higher?

FX:EURGBP   Euro / British Pound
95 2 3
It is possible that we might see further upside in this pair but first I'd like to see what happens when price reaches my Area of interest. If price action looks bullish there, then long pos             might not be a bad idea but keep in mind that higher TF trend is clearly down.
Hey, just a question, how did you find these upsides targets?
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capitalpropertiesfx renato.tranchesi
Picking targets is always very complicated. This particular target was chosen from the weekly chart (support, then resistance, then support again and then broken) + it lines up with the 38.2 fib level if you draw the fibs from the latest high (~~0.8812) to the recent lows (~~0.7765).
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