FX:EURGBP   Euro / British Pound
106 2 5
For my bigger picture see chart below:

snapshot


The EURGBP             is in a weekly consolidation and I think we will test the upper channel line next. The test will be crucial since there are some ambiguous signs in terms of whether the correction is already over.

The 4 hour time frame however is where we might see a trade opportunity short term. I like this consolidation to end soon for a bullish break and buy opportunity. Ideal target for the long is a test of 0.80.

http://www.timstuyts.com

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nice.. i see same.. as i see eurgbp going above 84...
Reply
Yes that could very well be the case. First things first though;-). Good luck with the trade!
+1 Reply
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