EURGBP – Limited upside

FX:EURGBP   Euro / British Pound
EURGBP - Intraday - We look to Sell at 0.9240 (stop at 0.9270)

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 (0.9240). Bespoke support is located at 0.9090.
Our profit targets will be 0.9090 and 0.9050

Resistance: 0.9240 / 0.9255 / 0.9285
Support: 0.9192 / 0.9090 / 0.9060
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Betting against the Pound will beat anything at the moment is a bad move mate. It's weak as shit and i cant see it getting any better with a No deal Brexit looming. I can honestly see it going down, down, down and further down.

No deal will happen and the market will plummet. Ive been short on GBP/USD for ages now. EUR/GBP will rise and rise and rise. And when you think its gonna stop, It will keep rising.
Ta-Trade geoff6203
@geoff6203, And a no deal brexit was voted down in parlament before was it not? boris cant make that leap on his own,there will be another extension imo if a deal is not reached before hand 31st oct
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