Short term
Trade view / 08 August 2016 at 9:33 GMT

EURGBP – Marabuzo line platforms demand

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom

Trading in EURGBP last week was broadly rangebound for a third consecutive week. Neither the week's lows nor highs were maintained and this lack of follow through means that signals for sentiment going into this week cannot be strong. Nonetheless, the background is dominated by Thursday’s post-Bank of England demand, a weekly Marabuzo line and the key 13-day moving average, with Friday’s reaction from the highs being assessed as temporary and weak.

Management and risk description

A move to 0.8529 means the stop can be raised to the entry point.


Entry: Buy in 0.8485/90 area and any dip to 0.8427

Stop: 0.8368 offered

Target: 0.8529, 0.8580 or even 0.8640.

Time horizon: this week, ending Friday 1200 GMT.

Marabuzo Line
Marabuzo Line
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Above Average
Above Average
 Long Term:
Long Term
 All charts from CQG

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
08 August
Charles Asmar Charles Asmar
Hi Alan, I am long @ 0.84821 should I keep this position with limit 0.8620?
08 August
AlanCollins AlanCollins
No, I think exposure should be reduced at .8529 (with stop to break even), again at .8580 and the final closure at .8640 if the market shows enough momentum
08 August
Charles Asmar Charles Asmar
Thank you Alan


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