EURGBP signals are not strong, but they are positive
The dominant feature in EURGBP trading at the moment is the fluctuation around the 13-day moving average. Monday saw that situation continue, with prices confined within a narrow range and entirely inside Friday’s range.
Management and risk description
A move to 0.8421 means the stop can be raised to break even or better.
Entry: buy in .8385/90 area and any dip to 0.8361
Stop: 0.8337 offered.
Target: 0.8421 and 0.8438.
Time horizon: intraday.
Price action in range around 13-day moving average
Long term trend
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