EURGBP is currently trading below $0.83678,a signnificant level.
Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored much much much more strength whereas EUR traded as the weakest of all currencies-- meaning a SELL bias for the pair.
Monthly chart analysis has the pair looking to test Supports for bounce.
A good technical approach on this pair provides awesome Short opportunity to Support with potential continuation to downside or counter-trend to upside targets depending on price action and/or currency strengths.
Momentarilly, Daily and 4Hr analysis should follow.
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Thank you and happy trading.
Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored much much much more strength whereas EUR traded as the weakest of all currencies-- meaning a SELL bias for the pair.
Monthly chart analysis has the pair looking to test Supports for bounce.
A good technical approach on this pair provides awesome Short opportunity to Support with potential continuation to downside or counter-trend to upside targets depending on price action and/or currency strengths.
Momentarilly, Daily and 4Hr analysis should follow.
Like, Share, Follow, and Support this channel for yet better content.
Thank you and happy trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.