I see Eur/Gbp At A Level Of Support. If you look on this chart you can see that price bounced many times from these dark blue areas! Even furthur in the past there are more bounces from these areas! The Big Trend is down and I see this as a Retracement of the downtrend and I believe that Eur/Gbp will move up to the 382 retracement area which also so happens to be a resistance area and when you connect the trend lines... they match up very well!
Also... If you go to hour 1... We have a "Golden Cross" moving average crossover of the 50 and 200 moving averages that just crossed. You can see on the Daily Time frame that price has rejected that move down. You can see on the weekly that after a strong move down , we now have a doji candle signaling a reversal!
Many people are saying sell , some people are saying buy for this pair... but there seems to be enough reasons that this pair will move up all week next week!
Also... If you go to hour 1... We have a "Golden Cross" moving average crossover of the 50 and 200 moving averages that just crossed. You can see on the Daily Time frame that price has rejected that move down. You can see on the weekly that after a strong move down , we now have a doji candle signaling a reversal!
Many people are saying sell , some people are saying buy for this pair... but there seems to be enough reasons that this pair will move up all week next week!
