EURGBP Double Bottom at .8400, Longs in play to .8600Hello friends,
EURGBP Currently trading at previous resistance, I like the buying opportunity after the heavy GBP selling on Monday. Combined with dollar weakness, Euro should remain firm
EUR-GBP-BUY
EUR GBP IN A NICE BUY ZONE I AM WAITING FOR A SH OR ANY SIGNAL OF REVERSAL FOR A BIG BUY IN THIS PAIR .
EURGBP to reach for the "stars"?The EURGBP looks like it is on track to break above 0.90 resistance level, which was last breached in September 2017.
If the trade setup is completed (breaking strongly above 0.90), I anticipate a massive move towards 0.93
For this to happen, we need either the GBP to weaken, possibly due to Brexit uncertainty, or the EUR to strengthen, possibly arising from better economic data and more hawkish ECB.
However, we have the ECB rate decision and press conference tomorrow.
Prudent thing to do, will be to wait for the news, identify a directional bias, and confirm resistance has been broken.
