Alternative technical biases on EURGBP:
Long-term: northwards, particularly if price action breaks above the 0.93070 area
Short-term: sideways operation/retracement to around the 0.86720 area.
I may be wrong. Trade safe and prosper.
KP
Long-term: northwards, particularly if price action breaks above the 0.93070 area
Short-term: sideways operation/retracement to around the 0.86720 area.
I may be wrong. Trade safe and prosper.
KP
DislikedHere's a weekly technical outlook on EURGBP. The pair has been mainly on an upward move since October 2015. On the weekly time frame, after a 32.8 Fib retracement of the swing from the low of October 2015 to the high of October 2016, price action entered a period of consolidation (indicated in the khaki coloured rectangle) and an ascending trendline from the low of October 2015 respected. Price action in the last two weeks saw the bulls in control, indicated by relatively big bullish candlesticks. As the price action last week was near the immediate...Ignored
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