EUR/GBP: Shorts Looking Risky Today
Jason Sen | Oct 26, 2016 03:20AM ET
EUR/GBP is trading around 8935/40 and if we hold above we should retest strong resistance at 8975/79. However shorts look more risky today. Just be aware that a break higher targets 9010 then 9025 and perhaps as far as 9040.
Failure to hold above 8935/40 targets the most important support for today at the 7 week trend line at 8905/00. Try longs with stops below last week's low at 8885/77. A break lower this week initially targets 8850/45.
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