848evo
Short

EURGBP Hitting Resistance

FX:EURGBP   Euro Fx/British Pound
40 0 2
EURGBP             is moving up to hit a hard resistance at a combination of the 38.2 fib level and a strong daily resistance line. I'm expecting price to bounce off this line or perhaps extend a bit further, but not too much, keeping a tight SL on this one. Potential profit could be a full move back down to retest the previous low.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.

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