BabyPips.com FX-Men Team
BabyPips.com
EUR/GBP: Daily
Last one up for today is one that my buddy Cyclopip is also looking at. EUR/GBP is lollygagging along the .7450 area, which has been serving as resistance since early last year. What’s more, a bearish divergence is popping up on the daily chart. Will EUR/GBP’s resistance hold? A short at current levels could get you a good reward-to-risk ratio if you aim for the previous lows. Just make sure that you have loose stop losses, aight? Currency crosses tend to be more volatile than the majors!
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