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Eugbp

Strifor || EURUSD-08/02/2023Preferred direction: SELL Comment: The currency pair has been pushing towards the support level of 1.09623, that most likely indicates continued sales. However, it can hardly be said that this is a medium-term perspective. At the moment, the fall limit is considered to the level of 1.09000, and that is more likely against the background of the release of data, which is enough this week. Today and at the beginning of tomorrow, a slight recovery is expected, respectively, small longs can be considered. Further, most likely there will be a long-awaited short-term fall to the indicated targets. Thank you for like and share your views!
Short
by Strifor
4
EURGBP - Brilliant trade opportunity!It's a Friday..Don't forget that! Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will be the outcome. However, as next week commences, I will be looking at EURGBP - the technical of this chart is so clean. Even on the daily the trend-line in red going down is a key area if it goes above we could look for the bulls to get into control. However, if we get further decline the bears are in control and that's where my targets would be the low 0.90 areas. Above high ends of 0.90 ares bulls are in control - could head to the 0.91 areas. Whilst we reflect on this pair we will be checking the strength of GBP. Remember: This a trade idea, not a recommendation. Give us a LIKE & COMMENT for any other pairs you'd like us to post our analysis on. All the best.
by Trade_Journal