EURGBP - Bias to break lower

FX:EURGBP   Euro / British Pound
EURGBP - Intraday - We look to Sell at 0.9255 (stop at 0.9285)

Price action has formed a bearish ending wedge formation. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. We look to set shorts at our bespoke indicator level (0.9255). Bespoke support is located at 0.9090.
Our profit targets will be 0.9090 and 0.9050

Resistance: 0.9255 / 0.9285 / 0.9300
Support: 0.9192 / 0.9090 / 0.9060
FREE Telegram Group -
FREE Trade Ideas -
FREE Education and Insights -
Video Content -
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out