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DiogoS55
Oct 5, 2021 10:34 AM

EURGBP ANALYSIS 

Euro Fx/British PoundFXCM

Description

EURGBP is once again testing this support, this 4hr candle will be important and will decide the direction of this pair. If we can get a close below this support we can see a strong bear move to the next support, we might test this support turned resistance before making the move down.

If however EURGBP keeps above this support we might see another move to 0.861 for a continuation of it’s range.

Always wait for market to decide where it wants to go, be reactive of candle closing.
Comments
initialjie
sell now
DiogoS55
@initialjie, I'm going to wait for the candle closing to give confirmation on the move.
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