EURGBP - Intraday - We look to Sell at 0.8469 (stop at 0.8483)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Daily signals are mildly bearish.
50 1day EMA is at 0.8464.
Offers ample risk/reward to sell at the market.
0.8471 has been pivotal.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
A lower correction is expected.
Our profit targets will be 0.8434 and 0.8429
Resistance: 0.8470 / 0.8480 / 0.8490
Support: 0.8460 / 0.8450 / 0.8440
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Daily signals are mildly bearish.
50 1day EMA is at 0.8464.
Offers ample risk/reward to sell at the market.
0.8471 has been pivotal.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
A lower correction is expected.
Our profit targets will be 0.8434 and 0.8429
Resistance: 0.8470 / 0.8480 / 0.8490
Support: 0.8460 / 0.8450 / 0.8440
