Update on EUR/GBP SHORT 16/01/2017

We SHORTED this pair at .8650 on the 9th January and we still await a move back to the open as EUR/GBP remains stubbornly high.

Fridays price action on Friday saw this pair hit resistance and head south. TD-RT which signals the general direction has south on all pairs but D1 suggesting the BULLS are weakening.

[chart]

We are keeping hold of this pair as all the indications are we could see a move south  in the next few trading sessions particularly as a look at the H4 chart is showing a series of lower highs.

.8692 looks key and a move south of that level should see declines accelerate.

Above .8766 will cause a rethink.

 

Be the first to comment

Leave a Reply