Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP reversed from support zone
2019-11-11 • Updated
- EUR/GBP reversed from support zone
- Next buy target - 0.8900
EUR/GBP recently reversed up from the major support zone lying between the support level 0.8740 (which has been reversing the pair from the middle of June), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous extended upward impulse from May. The upward reversal from this support zone started the active minor impulse wave C. EUR/GBP is expected to rise to the next buy target at the next resistance level 0.8900 (top of the previous wave A).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...