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forextraplaces

GBP looking strong across the board so SHORTING EUR/GBP

Short
Euro / British Pound (FX:EURGBP)  
forextraplaces Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators GBP EUR EURGBP
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trendanalysis chartpattern indicator gbp eur eurgbp
With the start of week looking GBP BULLISH, then we would expect EUR/GBP to come under pressure. The price of EUR/GBP has hit the 50 day EMA and all the EMA's are headed south so I expect EUR/GBP to follow.
Tight STOP just above weekly mid pivot at .8628 area and the target is WS1 weekly support at .8566
Trade active:
STOP moved to .8609 locking in 2 pips
Trade active:
9/1/24 08:17 STOP moved to .8600 (+11).
BEARS taking more control
Trade closed: stop reached:
9/01/24 13:58 STOP hit for +11 pips
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