Is EURGBP under estimated?
Dear traders,
the 20,50 and 100 SMA are coverging at 0.72 so it seems that there is wide consensus that 0.72 could be the fair price for this instrument, being 0.7 the floor of the market.
Let's wait for a bullish candle then enter a buy order with stop loss at 0.7 and take half profit at 0.72 then move stop to breakeven and target 0.73.
Cheers
Riccardo
the 20,50 and 100 SMA are coverging at 0.72 so it seems that there is wide consensus that 0.72 could be the fair price for this instrument, being 0.7 the floor of the market.
Let's wait for a bullish candle then enter a buy order with stop loss at 0.7 and take half profit at 0.72 then move stop to breakeven and target 0.73.
Cheers
Riccardo
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