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EURGBP - Analysis ( Having A Breakout Or A Pullback?)

FX:EURGBP   Euro / British Pound
Trade Signal Alerts On EURGBP



EURGBP is currently retesting a support level at 0.89574 after breaking out from a diagonal range at 0.90261.

Price moved in that matter creating lower lows to hit it's previous support price level at 0.88635.

Price is currently moving in a bearish direction. If price breaks the previous resistance level at 0.89454 acting as a strong support zone .
Open order around that zone and look forward to exit the market at next support zone at 0.89144.

Open Price: 0.89353
Target Price: 0.89144
Stop Loss: 0.89463
Order: SELL.


Alternative Scenario

When price breaks the middle point resistance zone at 0.90261, look to take a quick profit and exit the market at 0.90437.

Open Price: 0.90270
Target Price: 0.90437
Stop Loss: 0.90212
Order: BUY

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