Regardless ECB, this pair is in correction

FX:EURGBP   Euro / British Pound
156 2 6
After 5 days of undecision and choppy trading ( bearish consolidation), EURGBP             correction may extend.

- Firm Bullish Heikin Ashi signal.
- Possible retracement area is 0,7150-0,7200

- Price made a bullish Kumo breakout after worst than expected UK data. Buy entry criteria triggered.
- However Heikin Ashi despite its rather bullish bias shows some undecision on recent candle, namely because of little worse than expected EU CPI             data.
- For continuation we need one more confirmation signal: Chikou Span to cross above past Kumo.

Counter Long still looks reasonable in 0,5 trade unit size. Of course it can get choppy around ECB decision.

The questions are still the same: what has already been priced into Euro             reg. ECB easing, and if the GBP is really so much better ccy to trade at these lows?
Kumowizard finserv_techguru
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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