EUR/GBP: trading signal
By Leo Vereschag
Chart 1. Daily EUR/GBP
The pair’s likely to move up from the lower border. Of course, the longer-term trand is bearish, but now there’s a good support at 0.7880.
Stop Loss: 0.7858
Take Profit: 0.7980
Chart 2. H4 EUR/GBP
The H4 chart signals that the market is oversold. The oscillator may fix above the 30 level during the next 4-8 hours. Taking into account the overall bearish trend we’d place take profit at the closest resistance level.
Conclusion: buy-signal is confirmed.