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Antonio_trader
Aug 14, 2019 8:18 AM

EURGBP update 

Euro Fx/British PoundFXCM

Description

As a contrarian view to short GBPJPY on the incoming UK CPI data, there is a possibility to short EURGBP. Nice support zone with 200SMA approaching too.
Overbought on daily at the resistance from the highs of August 2017 (see in the comments). Good Luck!

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As we tested and now breaking 200SMA we could add another short position

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Next target - lows at the 0.91

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Target hit
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