EUR/GBP Overview
Currency rate is moving in 9 — months range between 0.8686 – 0.9033 Because there is a powerful trend on USD. EUR/USD and GBP/USD are moving together last few months.
The best option is to open position near Range borders. I recommend to wait when the price will reach some of them.
Long I will look near 0.8686.
Short I will look near 0.9000
Also, you need to understand this overview for day traders. At this moment I don't want open any position on this currency because there is a powerful trend on USD. EUR/USD and GBP/USD are moving so likewise. Also, price between keys levels and I can't set proper stop.
IF we want to see powerful move on EUR/GBP that mean EUR/USD and GBP/USD must move in different direction.
Currency rate is moving in 9 — months range between 0.8686 – 0.9033 Because there is a powerful trend on USD. EUR/USD and GBP/USD are moving together last few months.
The best option is to open position near Range borders. I recommend to wait when the price will reach some of them.
Long I will look near 0.8686.
Short I will look near 0.9000
Also, you need to understand this overview for day traders. At this moment I don't want open any position on this currency because there is a powerful trend on USD. EUR/USD and GBP/USD are moving so likewise. Also, price between keys levels and I can't set proper stop.
IF we want to see powerful move on EUR/GBP that mean EUR/USD and GBP/USD must move in different direction.
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