EURGBP Long on price action and technical support

8 thg 9, 2016

Long EURGBP at .8465 after a strong bull move today post this morning's ECB rate announcement. Price responded positively to the unchanged outlook on rates and has confirmed the strong doji which formed two days ago signaling a bottom. Coincidently the doji lines up well with support on the daily. I look for a conservative price target of .865 with a stop at .835. If you follow my 10000 USD recommendations I advise a 10000 USD long position.