Trade 09: EurGbp Outlook - Update
Daily: Welcome short term resistance area. Probably we'll see pull back.
Hint: Two daily closes above 0.806 activate weekly chart. Means, 0.806 is invalidation level for short positions.
Weekly: Strong support line have been working since 2008. After short term pull back i think price jumps to new high to test strong resistance.
Hint: The other scenario is above 0.806 go long ( of cource wait for two daily closes above the level )
Good luck!
Hint: Two daily closes above 0.806 activate weekly chart. Means, 0.806 is invalidation level for short positions.
Weekly: Strong support line have been working since 2008. After short term pull back i think price jumps to new high to test strong resistance.
Hint: The other scenario is above 0.806 go long ( of cource wait for two daily closes above the level )
Good luck!
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