EURGBP, Buy at .8895 and .8884 (stop .8863), Friday

Long

Euro / Livre Sterling (FX:EURGBP)

Mis à jour

FX:EURGBP Euro / Livre Sterling

trendline candlestick movingaverage eurgbp eurgbplong

Yesterday's bullish call, after a break of a key mvg avg area, was justified as a 2nd up day in a row was posted. An intraday setback found fresh demand below the 100 day line with the resulting demand taking EURGBP through .8900. Intraday signals for sentiment are overbought and a reaction is likely. Nonetheless, sentiment is bullish and this morning’s call is a Buy at .8895 but leaving room to also buy a .8884 dip. The risk is .8863, yesterday's open, with upside targets of .8920/26, this year’s highs, .8938 and .8962.

Transaction en cours:

Confirming today’s call EURGBP has been bought to our .8920 target. The next focus is .8938 with a stop raised to .8893 (buy dip cancelled)

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