Hello Traders!
Here at EURGBP I think we only have long oportunities.
From a COT perspective, EUR is super bullish and GBP not so good.
With this pandemic situation and GBP now out of the EU and still in a danger zone regarding economic questions, Euro will only get stronger for obvious reasons.
Regarding technicals, 0.875 is holding as a strong support. This level was broken on the 10 of March but never got a proper retest as the below level of 0.865.
Will wait for next week to see if the price tests again the 0.875 and will enter with a buy as shown on the chart.
Thanks :D
Here at EURGBP I think we only have long oportunities.
From a COT perspective, EUR is super bullish and GBP not so good.
With this pandemic situation and GBP now out of the EU and still in a danger zone regarding economic questions, Euro will only get stronger for obvious reasons.
Regarding technicals, 0.875 is holding as a strong support. This level was broken on the 10 of March but never got a proper retest as the below level of 0.865.
Will wait for next week to see if the price tests again the 0.875 and will enter with a buy as shown on the chart.
Thanks :D