Trade idea
EURGBP is at a very tricky level. On one hand, the pair is very much overbought, even on a daily chart. On the other, given that the pound remains vulnerable to the Brexit developments (and that could stay for a while), EURGBP might continue moving north.
That said, we will try not to overspeculate on this one and just wait for a clear break through one of the highlighted levels, before examining a further directional move.
Please see the chart for levels and targets.
Don't forget your stop-loss.
EURGBP is at a very tricky level. On one hand, the pair is very much overbought, even on a daily chart. On the other, given that the pound remains vulnerable to the Brexit developments (and that could stay for a while), EURGBP might continue moving north.
That said, we will try not to overspeculate on this one and just wait for a clear break through one of the highlighted levels, before examining a further directional move.
Please see the chart for levels and targets.
Don't forget your stop-loss.
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