There is a possibility of a bullish correction for EURGBP, with the current price at 0.85679.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/GBP could be on the verge of a bullish correction.
Sterling traded higher against both the US dollar and Euro on Tuesday. The Pound has staged a significant rebound after a seven-day losing streak, but bulls are moving into the EUR/GBP at the end of the US session as illustrated below:
The price could be on the verge of a bullish correction at this juncture and a move back into the shorts could be on the cards. We have the 50% mean reversion aligned with the prior structure as a meanwhile target to the upside before the bears take on last week’s lows while on the front side of the bearish trendline. The 61.8% ratio aligns with the trendline resistance as a higher corrective target near 0.86 the figure.
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
