michael6malone
Short

I am shorting to 86.28 with a stop at 86.89.

FX:EURGBP   Euro Fx/British Pound
21 0 1
2016Sep25 I am shorting to 86.28 with a stop at 86.89.

I believe the pair will come down after last week's climb.

My stop is 10 pips above the most recent swing high and my target falls just above the support that started forming on 2016Sep20.

I believe it is likely for the pair to reach the 61.80% level, but I will remain conservative. Besides, the pair will likely retrace once it reaches the 61.80% level.

The RSI is not too low.
Comment: Failed.
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