EURGBP Short

[TareqS]

The level of 0.87800 has been working as a level of resistance. The sellers may drive the price towards the South. The buyers are to wait for the price to make a bullish breakout at the last swing high (0.87800) to go long in the pair.

 

[sebking1986]

I can see it falling from here down to around 0.86850 before heading up again.

 

[zhafarindh]

I am waiting for a signal

 

[TareqS]

The pair seems to have found its resistance around 0.87800. It is now heading towards the North again. Traders are to be watchful for the price action around that level. As mentioned, a bullish breakout may push the price towards the North. Another rejection followed by a bearish breakout at the neckline may drive the price towards the South.

 

[ForexTus]

I can see it falling from here down to around 0.86850 before heading up again.

Me too, i think that's a great level

 

[TareqS]

The pair made a significant bullish breakout and moved towards the North with good momentum. It was over bought in the H4 chart. Thus, the price made a bearish correction. The momentum was strong. The buyers may wait for a Double Bottom to go long in the pair.

 

[sebking1986]

Me too, i think that's a great level

A little short but very close

 

[TareqS]

The price has been in consolidation for quite a while in the H4 chart. It may make a bearish breakout at the consolidation support. If that happens, the pair may find its next support around 0.870000.

 

[JimmyRozza]

The price has been in consolidation for quite a while in the H4 chart. It may make a bearish breakout at the consolidation support. If that happens, the pair may find its next support around 0.870000.

I'll be looking for a sell around that area too and tp at that support

 

[sebking1986]

I'd be looking to buy at around 0.84600