ClearEdgeFX

EURGBP - 4H - TREND IN PLAY

FX:EURGBP   Euro / British Pound
123 0 2
EURGBP             is showing a nice upward move on the 4H time frame. We've had three solid bounces off the trendline and we expect for price action to gravitate for one more touch around the 0.7300 level. We're approximately 150 pips away from resistance so it would be sensible to take that into consideration. A downward break of the trendline on the other hand could provide us with an excellent opportunity to go short although that may not happen for a while.
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