I still believe strongly in a move back to 0.8530 (bottom of channel).
The pair has moved higher, and it feels as if we go higher, but I am of the view that we are overbought. We are above channel top and now a dark candle suggest we may see a break of 0.8687 trend line support. Take profit somewhere 0.8557 now.
Still the same view.
We should be break support level 0.8656 in coming sessions. It feels like a classical ascending wedge. The downside objective is somewhere 0.8517 for now.
No change in view/direction.
We are within a small uptrend channel, but the formation is now a rising wedge with the channel. The key support 0.8650 and likely this will break for a move to lower part of channel 0.8500 short-term.
Strategy is SELL rallies between 0.8660-0.8730 and take profit @ 0.8527,
IO feel overall we will see lower levels. We are currently at channel top, and we are overbought, although not extreme, but negative divergence seems to suggest we may see short-term 0.8530 test again.
Strategy SELL @ 0.8685-0.8725 and take profit @ 0.8557 for now.
The pair is overbought, and since GBPUSD has gone lower, whilst EURUSD has not, this makes perfect sense.
Strategy SELL @ 0.8640-0.8680 range and take profit @ 0.8507 for now.
We are clearly in a well defined false bull flag pattern and we got resistance 0.8491 area.
Stoch RSI is high up and likely will start showing negative signs in anticipation.
I would prefer SELL strategy to SELL @ 0.8450-0.8475 nd place stop above 0.8517 for now. Profit order @ 0.8308.
