NathanSaunders

EURGBP SHORT-TERM POSITION AND LONG-TERN POSITION

FX:EURGBP   Euro Fx/British Pound
(03/03/2016) 18.11pm GMT EURGBP             : With a cross of the daily trendline at around 0.77500, look to go long (remember to use the shorter time frames 30min,15min to enter). Looking at targets of around 0.79200 with a risk of a return to the WeeklyTrendLine at 0.77000. If price bounces off the Monthly trend parallel Channel, Short after confirmation which will come in the form of a 0.77165 break. Follow down towards the weekly support (0.70328 point). If the move is strong look towards a push to the support of the monthly trend parallel channel.
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