EUR/GBP short setup, target 200-DMA
EUR/GBP ignores Doji formation at 50-DMA.
Resumes weakness below 50-DMA.
Scope for test of 200-DMA at 0.8859, further weakness only on break below.
Next major support below 200-DMA lies at 61.8% Fib at 0.8824.
55-EMA is immediate resistance at 0.8933. Break above 21-EMA required for further upside.
Good to go short on upticks, SL: 0.8960, TP: 0.8875/ 0.8860/ 0.8825
Resumes weakness below 50-DMA.
Scope for test of 200-DMA at 0.8859, further weakness only on break below.
Next major support below 200-DMA lies at 61.8% Fib at 0.8824.
55-EMA is immediate resistance at 0.8933. Break above 21-EMA required for further upside.
Good to go short on upticks, SL: 0.8960, TP: 0.8875/ 0.8860/ 0.8825
Komen:
Is extending weakness below 200-DMA.
Komen:
All targets hit