SHORT EUR/GBP

We are SHORT EUR/GBP this morning from .8650.

Price has pushed steadily higher on this pair overnight and throughout the morning trading session and now we’ve hit solid resistance.

With RSI heavily overbought on H4 and H1 and turning south, this looks a good opportunity to SELL this pair.

We have an open STOP on this trade but a push up to .8700 area will be cause to exit.

 

 

2 Comments

    • GBP very weak across the board Pete. Watching this trade closely and I’ll be exiting unless we see some BEARS enter the market.
      Substantial resistance at .8692 so not giving up just yet.

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