-VE RSI on EURGBP hints pair exhausts & correction paves way
A fairly good size of correction may be under way for EURGBP after the pair has taken out .8787 resistance area and trend line is broken.
We expect a reasonable correction as the pair failed to move higher twice. Taking short would be nice idea for a short time span.
NOTE : Keep the Trade size small as we mention it to be a corrective move.
A long term bullish bias on the pair is still there. We will wait for the correction to over and enter long again from a discounted level.
We expect a reasonable correction as the pair failed to move higher twice. Taking short would be nice idea for a short time span.
NOTE : Keep the Trade size small as we mention it to be a corrective move.
A long term bullish bias on the pair is still there. We will wait for the correction to over and enter long again from a discounted level.