(13 AUGUST 2018)EUR/GBP:The downside prevails.

(13 AUGUST 2018)EUR/GBP:The downside prevails.

13 August 2018, 10:03
Jiming Huang
0
55

eg

Pivot (invalidation): 0.8945

Our preference

Short positions below 0.8945 with targets at 0.8900 & 0.8885 in extension.

Alternative scenario

Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets.

Comment

The break below 0.8945 is a negative signal that has opened a path to 0.8900.

(By Swissquote TRADING CENTRAL) 

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