EUR/GBP channel?

Scott Barkley ProAct Traders

Bearish: Currently we are @ 0.8866 in a channel in a Big Range. IF we can break support here, are looking for a continuation initially to the 1.618 Fibo target @ 0.8762 and then the Day chart bottom @ 0.8725. The average daily true range (ATR) for the pair currently is 71 pips and its 180-day ATR is 63 pips a day.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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