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FxWirePro
Jul 23, 2015 11:03 AM

EUR/GBP breaks short term trend line resistance ,targets 0.7125 Long

Euro Fx/British PoundFXCM

Description

EUR/GBP has broken short term trend line resistance around 0.7020 which confirms short term bullishness , jump till 0.7125 cannot be ruled out .

It has made a high of 0.7055 and is currently trading at 0.7045. Overall trend is still bullish as long as support 0.6980 holds.

The pair’s major resistance is around 0.7050 and break above will extend gain till 0.7090/0.7125.

It is good to buy at dips around 0.7020 with stop around 0.6980 for the TP of 0.7090/0.7125.
Comments
JacquesBethel
Do think its going to dip to 0.7020 ?
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