Look For Further Downside In EURGBP

FX:EURGBP   Euro Fx/British Pound
a year ago
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room to breakdown before going short, look for the pair to take out 0.76800 before taking action.

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a year ago
Order cancelled: We are cancelling this order as the pair is quickly approaching the level we were using for our stop. We will re-evaluate and could possibly enter a new order if price action warrants.
a year ago
Comment: Order back in play as this pair failed to close above the price we will be using for our stop, 0.78100 We will be looking to take this pair short.
a year ago
Order cancelled: Once again we cancelled our open order, with tomorrow being a big day for the ECB we will sit on the sidelines rather than risk being in a position which may be negatively impacted by the announcement.
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