NileshChavan

EURGBP Trend Reversal Possible

Long
OANDA:EURGBP   Euro / Livre Sterling
EURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400 for the target of 0.88000-0.89000.

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