sebking1986
Private
- Messages
- 622
With this move today I think we are now looking at these lows being cleared out.
Looking for the entryThe pair has been very bearish for the last three trading days. The daily chart shows that an uptrending support may come into play. The buyers are going to wait for the price to make a bullish reversal pattern to go long. On the other hand, a bearish breakout may drive the price towards the South further. View attachment 75638
Looking for the entry
EURGBP seems to have found its support at 0.82800. The chart produced a bullish reversal candle followed by several bullish Marubozu candles. They buyers may look to go long in the pair now. The level of 0.83800 may work as a level of resistance here.