EURGBP - We look to Sell at 0.8400
|EURGBP - We look to Sell at 0.8400 (stop at 0.8425)
EURGBP - Price action continues to be mixed and volatile for 10 days in succession resulting in spikes in both directions. Price action continued to range between key support & resistance (0.8300 - 0.8425) although we expect a break of this range soon. An Evening Star formation has been posted at the high. The trend of lower highs is located at 0.8413. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Our profit targets will be 0.8340 and 0.8310.
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