EUR/GBP Forecast: Long
Here is our analysis on the pair
RECAP: (Previous Analysis)
In our previous analysis EUR/GBP was trading @ 0.86299
We were bearish on the pair & expected it to go back & test previous support.
This is exactly what happened, the pair fell to lows of 0.85500
triggered our Sell Order & hit our TP.
WHAT TO EXPECT:
This week we expect a short term bullish Euro, since both Euro & Pound are bearish
we would expect the EUR to outperform the GBP.
We expect the pair to test previous resistance @ 0.86500 & try to break above it
If the pair fails to break above this resistance we would expect it to fall back to current support.
OUR POSITIONS:
Currently @ 0.85600
Buy Stop @: 0.85750
Buy Stop TP @: 0.86360
Buy Stop SL @: 0.85200
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP: (Previous Analysis)
In our previous analysis EUR/GBP was trading @ 0.86299
We were bearish on the pair & expected it to go back & test previous support.
This is exactly what happened, the pair fell to lows of 0.85500
triggered our Sell Order & hit our TP.
WHAT TO EXPECT:
This week we expect a short term bullish Euro, since both Euro & Pound are bearish
we would expect the EUR to outperform the GBP.
We expect the pair to test previous resistance @ 0.86500 & try to break above it
If the pair fails to break above this resistance we would expect it to fall back to current support.
OUR POSITIONS:
Currently @ 0.85600
Buy Stop @: 0.85750
Buy Stop TP @: 0.86360
Buy Stop SL @: 0.85200
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.