shorting eurgbp

FX:EURGBP   Euro / British Pound
52 2 1
we have a support line that held all the way from last year in september broken in january of this year and is now retesting it. we also have a .382 retracment of the initial down trend move that started in december. also macd and rbi are turning bearish .
I am not sure I fully agree with your analysis, the trend line and fib lines seem valid and good, however the MACD appears to be about to cross the signal line, that is very bullish and the RSI has not got into oversold territory which is also bullish considering the progress the pair has made of late. Add to that significant GBP event risk and I think that this might be a little risky
krash11554fx SteveTobin
when i use macd i look for a curl to start forming and with that matching up with rsi being at areas of reversal. it ended up dropping 150points
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