EURGBP - Intraday - We look to Buy at 0.9074 (stop at 0.9044)
Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 0.9180 and 0.9200
Resistance: 0.9133 / 0.9170 / 0.9173
Support: 0.9074 / 0.9016 / 0.9000
Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 0.9180 and 0.9200
Resistance: 0.9133 / 0.9170 / 0.9173
Support: 0.9074 / 0.9016 / 0.9000
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