EURGBP should fall like hell.
This pair has been growing since May 4th without strong corrections.
There was no such strong growth for 2 years.
Now the price in the sales zone, touched the resistance line on D1 and made a false breakdown of the resistance level 0.8985.
BXY (pound index) hit a 2-year low.
3 scenarios for a medium-term deals:
1) Go to the...
Just what's important:
support lvls 11100 and 10320
Target - D1 support zone 8900 - 9360
4 support lines (blue color)
Short zone 11900 - 12400
Short after break support lvl 11100 and rollback to it.
Stop - 12100 (sell zone)
Target 1 - 10320 (support lvl h1)
Target 2 - 9400 (support zone d1)
A month ago, the NZD did the same thing, 2 waves of 100p down and a huge wave up.
I will look for longs from the zone 0.654 - 0.656 with a target to 0.677
Also we have huge buy zone D1 0.648 - 0.656
If someone does not think that NZDUSD is walking on the waves take a look at the right side of the chart.
Target 1 - 0.67
Target 2 - 0.677
Main target - 0.69