EURGBP - Daily 2 bar reversal of key support at 0.87465

28 בינו׳ 2018

EURGBP has presented a nice 2 bar reversal at a key support level of 0.87465 which has been tested multiple times since October 2017. This is a somewhat counter trend trade although the pair is in a defined range as the has been a trend of lower highs and lower lows. As a result targets should be conservative to the next recent high as targets at the range high are likely to have a lower probability.