ashfaq.hussain.duggal

-VE RSI on EURGBP hints pair exhausts & correction paves way

Short
FX:EURGBP   Euro / British Pound
6
A fairly good size of correction may be under way for EURGBP after the pair has taken out .8787 resistance area and trend line is broken.
We expect a reasonable correction as the pair failed to move higher twice. Taking short would be nice idea for a short time span.

NOTE : Keep the Trade size small as we mention it to be a corrective move.

A long term bullish bias on the pair is still there. We will wait for the correction to over and enter long again from a discounted level.

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