Bearish Evening Star still dominates EURGBP
A weekly bearish Evening Star pattern, completed two weeks ago, continues to dominate the background to EURGBP. Last week's price action created a second negative weekly performance in a row with all trading capped by the key 13-day moving average.
Management and risk description
A move to .8344 means the stop can be lowered to break even or better.
Entry: sell in 0.8410/20 area and any rally to 0.8494.
Stop: 0.8580 bid.
Target: 0.8344 and 0.8252.
Time horizon: this week.
Bearish Evening Star:
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— Edited by Michael McKenna