EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022.
This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.87150 (Resistance 1) and estimated contact with the MA50 (1d).
Tips:
1. The RSI (1d) is trading under a Falling Resistance, same as February through March. I made a reversal after touching the oversold level of 30.00. This is a strong additionl reason to buy on the short term.
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Notes:
Past trading plan:
This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.87150 (Resistance 1) and estimated contact with the MA50 (1d).
Tips:
1. The RSI (1d) is trading under a Falling Resistance, same as February through March. I made a reversal after touching the oversold level of 30.00. This is a strong additionl reason to buy on the short term.
Please like, follow and comment!!
Notes:
Past trading plan:
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