Euro / British PoundShort
EURGBP - Divergence - SHORT from T1 to T2
EURGBP
Bullish short term divergence between price and momentum indicate a bullish move toward the unhit daily pivot fr April 1st. The April, 2015 monthly pivot will provide a probable rebound target due to its proximity to the corresponding daily pivot and the preceding downward momentum. Selling at T1 with a profit target at T2 will produce a potential profit of about 45 pips.
Bullish short term divergence between price and momentum indicate a bullish move toward the unhit daily pivot fr April 1st. The April, 2015 monthly pivot will provide a probable rebound target due to its proximity to the corresponding daily pivot and the preceding downward momentum. Selling at T1 with a profit target at T2 will produce a potential profit of about 45 pips.
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