EUR/GBP offers an 8/1R buy set up on dips [Video]

Ian Coleman FXStreet

We have seen some volatility in the GBP crosses this morning after the UK inflation figures. I am looking for further upside strength in GBP (lower in EURGBP) to offer a trading set up.

Prime support is seen at 0.8413. With a target (cypher completion) at 0.8620 and a stop below the swing low (0.8388). This offers just over 8.15R.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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