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Write a Squawk to BestKiko
  • Squawk / 21 June 2017 at 6:08 GMT
    Analyst / PIA First
    United Kingdom
    EURGBP - Intraday - We look to Sell at 0.8805 (stop at 0.8835)
    Buying pressure from 0.8738 resulted in all the initial daily selloff being recaptured. The rally has posted an exhaustion count on the daily chart. Levels close to the 78.6% pullback level of 0.8836 found sellers. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.8835. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. A break of 0.8805 is needed to confirm follow through negative momentum. Intraday signals are far from strong.
    Our profit targets will be 0.8750 and 0.8665

    Resistance: 0.8833 / 0.8865 / 0.8885
    Support: 0.8805 / 0.8767 / 0.8750
    Read the Squawk
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    it has only just hit 0.8805
    jmzaffran jmzaffran
    sorry i missread you ..the trade was in a break of 0.8805 . I thought it was sell at 0.8805 ...My mistake then
    BestKiko BestKiko
    that was a good entry !
  • 2y
    TheGuy TheGuy
    So what is the target?
    BestKiko BestKiko
    I was hoping it would go down to 1.111 to get it there. Now I feel I missed the boat :P
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