BTCMarket
Short

EURGBP Potential Technical Move Setup

FX:EURGBP   Euro / British Pound
46 views
4
46 0
With nothing on the economic calendar for either of these currencies today it opens the door for a technical move lower. We spent a considerable amount of time hovering below the 50% fib pullback (0.85756) and didn't find any buyers to bring us higher so with nothing notable today we could see some selling push us lower.

We have an upward slopping trendline that could be used to determine an entry or potentially entering at market now with stops above.

Price is finding resistance below the daily pivot so my plan is to initiate this trade during the London session if favorable conditions presents itself.

Minimum and secondary targets listed in the chart with stops being fairly obvious.

Regards
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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