Watch This Level: #EURGBP Monthly | #Forex

FX:EURGBP   Euro / British Pound
868 7 20
I will start from the long term levels(monthly charts)..
Note that this is not intended to be a long or short , its just information that should help in trading...
I am starting a new series of posts "Watch This Level" where i will be publishing the most important short,medium and long term support and resistance levels. Its not a forecast or a trade its just an attempt to provide and show levels that might be key on different time horizons, and could provide good trade opportunities..

If you like the idea, so i continue , please let me know by liking and commenting.. thank you..

Join me at
Also at my Facebook             page
Google             Plus :
My best regards,
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
A little fundamental overlook might help to solve the puzzle here. Comparing the danger of deflation in EU to inflation in UK, comparing the 2.6% GDP growth in UK to 0.8% GDP growth in EU, comparing the 11.5% unemployment in EU to 6% unemployment in UK equals 3:0 for UK. Still there is the "grexit" talk that doesn't really help EU and ECB struggle to fight upcoming deflation by planning to introduce QE, that won't really help much - it equals even worse for EU. I think that in the long term we will see this level broken. Even though we might see a 'little' correction up to 0.8 to gather more sellers and start the rally.
+2 Reply
Well stated mate, the fundamental facts are clearly in favor of further depreciation. But, markets always have their unexpected way of reacting to fundamentals, one opposite view might be that the euro economy has much LARGER room to improve then the British one, and since all the sentiment is negative towards the euro, some improvement and pickup in economic activity might result an a major trend shift. BTW, I don't adopt any of the opinions i just mentioned am just a technical trader.
I Like! :D
Suck it and see :)
good idea
Yeah, looks good
Great! Good idea buddy.
+1 Reply
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