L.Vereschagin: trading EUR/GBP
Leonid Vereschagin, independent FX trader and analyst
Daily. The eurgbp pair is testing the down-trend line, broken to the upside on March 10. The next support lies at 0.8250 and is optimal to go long.
Chart 1. Daily EURGBP
H4. The price is testing the H4 trend line.
Buy in a range: 0.8250-0.8280
Stop Loss: 0.8185
Take Profit: 0.8390
Chart 2. H4 EURGBP
The price is in a short-term downtrend. The market is oversold.
Conclusion: buy-signal confirmed
Chart 3. H1 EURGBP