SimplyFxCharts

Moving cross 88

Short
OANDA:EURGBP   Euro / British Pound
Yesterday was the day that met selling and looking forward making lower low breaking near 889 would either continue making lower lows follow by minor retrace or no retrace before hitting 88 and target beyond 88 to see a round of rallying.
New entry or stops could be place carefully at last closed price when price continue dropping with no retrace.
Comment:
Tomorrow closed will determine the next move in near term.
Comment:
Making a low today may show further shorts near term and a bull close will be further strength moving higher.
Comment:
Preparing to rally.
Comment:
Yesterday closed is at a buy point today and unless is moving south today to meet 88 for a round of rally. We gonna see a rally higher closed.
Comment:
The workable rally 90 before another round of short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.