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Day trade
Trade view / 21 July 2016 at 5:52 GMT

EURGBP turns negative after Asian trading

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURGBP
Price target:
Market price:
Background

Tuesday’s gains, using the 13 day line as a platform, did not extend Wednesday. Instead those gains were entirely reversed as EURGBP was sold back to the 13 day moving average.

This keeps the cross fluctuating in a broad range but without the momentum to develop any clear trend. Of course this means that intraday signals for sentiment cannot be strong.The intraday signals for sentiment are looking negative

Management and risk description

A move to 0.8319 means the stop can be lowered to break even

Parameters

Entry: Sell in 0.8340/45 area and any .8358 rally

Stop: 0.8384 bid

Target: 0.8319 and 0.8285

Time horizon: Ending 4pm London time

Marabuzo line
Marabuzo Line
 Sentiment reversed
Sentiment Reversed
 Long term
Long Term
Source: All charts from CQG

— Edited by Adam Courtenay

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Non-independent investment research disclaimer applies. Read more
1y
vyacheslav111 vyacheslav111
Hi,Alan! Your opinion on EUR/USD now?
1y
AlanCollins AlanCollins
PLease take a look at today's view on Saxo's TradeMaker
1y
Kiril Tikilyanov Kiril Tikilyanov
hello , Alan What do you expect from ECB today
1y
AlanCollins AlanCollins
Hi Kiril, I only look at technical factors. There are others on these pages better able to assess the fundemental side.

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