EURGBP Support / Two major fib fans in question

FX:EURGBP   Euro / British Pound
12 0 1
This should be a big play, eventually - but catching the bottom here will be tricky. Macro themes are strongly in favor of the EURGBP             to continue higher, but the question is whether the new base will come in here at .8500 or near the major extension on the fan at roughly .8200 - there is a major difference there of about 300 pips, so it's important to watch the internals closer to these levels. Two different ways to play this - one is going long here with size, and keeping the stop tight somewhere under .8400 and the other is to go long here with small size, and then add if we drop into .8200 with stops underneath .8000 - both are good options, and we will likely play both routes.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out