ashfaq.hussain.duggal

-VE RSI on EURGBP hints pair exhausts & correction paves way

Corto
FX:EURGBP   Euro/Libra esterlina
6
A fairly good size of correction may be under way for EURGBP after the pair has taken out .8787 resistance area and trend line is broken.
We expect a reasonable correction as the pair failed to move higher twice. Taking short would be nice idea for a short time span.

NOTE : Keep the Trade size small as we mention it to be a corrective move.

A long term bullish bias on the pair is still there. We will wait for the correction to over and enter long again from a discounted level.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.