Waiting for Price to React

FX:EURGBP   Euro / British Pound
EURGBP has been very respectful of support and resistance lines and I do believe price will have a bullish reaction after breaking through this trendline. However I am not comfortable entering this position as we could see very strong retracements. On this pair, I will wait for price to reach 0.90300 before entering a short position. However, we could see downside momentum beginning at 0.88400 in that case I will look to enter there. For now, I will be keeping a close eye on this pair.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter