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danielbtrading

EURGBP Brexit in the works.

Short
Euro / British Pound (FX:EURGBP)  
danielbtrading  
FX:EURGBP   Euro / British Pound
Trend Analysis Technical Indicators Fundamental Analysis eurgbpshort GBP short shortsetup regression breakouttrading breakoutsignal profit EURGBP
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trendanalysis indicator fundamental eurgbpshort gbp short shortsetup regression breakouttrading breakoutsignal profit eurgbp
EURGBP seems to be breaking out of key support levels, after putting on a regression channel you can see its broken out of a strong supportive trend line. Fundamentally, with Brexit being much in the air right now, we can expect a lot of volatility within this pair. However with the strength on other pairs and the bearish movement I will be looking at shorting this and having the SL be the previous consolidation point.

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