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Olu
Feb 12, 2018 4:00 PM

EurGbp: Price Could Head To 0.9000 Long

Euro Fx/British PoundFXCM

Description

Comments on the chart. Check out the price action on the hourly chart. Typical bull flag breakout price action. By the way what it will do when (if) it gets to 0.9000 is another matter. One step at a time

Comment

Price is tackling the resistance area and it appears to be making slow progress

Comment

The struggle to breakout continues...

Comment

Price could not make it above the resistance area and even put in a strong down candle on friday. When resistance becomes impregnable the flow changes direction - temporarily or permanently

Comment

Price changed direction as suspected when it could not breach resistance. So this upside idea has failed and proved incorrect
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