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fxspott
Mar 24, 2021 6:08 PM

EUR/GBP Forecast: Short Short

Euro Fx/British PoundFXCM

Description

Here is an analysis on the EUR/GBP

Currently @ 0.86258
Bearish Harmonic Pattern on the 4H chart suggests strong bearish movement on the pair
We expect the pair to test support/resistance @ 0.85500
If the pair manages to break above resistance @ 0.86500 then we might see it test 0.87

OUR POSITIONS:

Buy Stop @: 0.86700
Buy Stop TP @: 0.87
Sell Stop @: 0.86
Sell Stop TP @: 0.85600


Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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