Day trade
/
Buy
Trade view / 03 May 2018 at 6:31 GMT

Limited EURGBP setbacks keep the bias bullish

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Price target: 0.8887
Market price: 0.8815
Background

Highs and lows were rejected Wednesday as EURGBP continued to consolidate around the 200-day moving average. However, although a lack of net movement does reflect a degree of uncertainty, limited  profit taking and the support of the 13-day and 200-day moving averages keeps our technical focus on the topside.

Management and risk description

A move to 0.8836 means the stop can be raised to break even.

Parameters

Entry: Buy in 0.8810/15 area and at 0.8798

Stop: 0.8776 offered

Target: 0.8836, 0.8861 and 0.8887

Time horizon: intraday, closing 16.00 BST

Averages Support
Averages Support
 Setbacks Bought
Setbacks Bought
 Long Term
Long Term
 All charts from CQG

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
03 May
tonyovsalford tonyovsalford
Has this trade entered already Alan?
03 May
AlanCollins AlanCollins
I'm not sure what you mean Tony. The idea is to Buy in the .8810/15 area and is currently inside those parameters, so idea remains valid.
03 May
tonyovsalford tonyovsalford
Thanks Alan..
03 May
AlanCollins AlanCollins
Dull trading in this today but modest gains I hope

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