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