Trade77; EURGBP Is Struggling At 0.8600ish 7am


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Once again at 0.8600 area! Will it make it to close above this level? Or will bounce off again with embarrassment?

If it broke that level then 0.8650, 0.8700 would be next levels to watch and if it bounced off that level then it could fall and reach at least 0.8525 which is the trendline.
So I’m looking for price action here and for breakout we need a four hour candle close completely above 0.8600 level and for selling scenario will look at possible candlestick patterns in hourly timeframe to go short. Currently in hourly timeframe we have a long tail to the upside which shows we might see a reversal pattern here.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Kindest Regards

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  • Guysud

    I am glad to read you, you are very good advice, injury that your messages will not be in English and precise.
    Guy from France (good year)