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EURGBP: Short Term Sells & Long Term Buys!


Daily Time Frame: Starting on the daily we can see price is showing signs of rejection by the way it is reacting to the .90000 daily psychological level. Notice how price is creating a double top formation at this resistance zone. If price manages to stay below, we can anticipate short term pullback for long term buys.

 

4Hr Time Frame: Scaling down we can see price is testing this .90000 key zone. If price manages to stay below this zone, then look for short term sells to .88500. However, we are anticipating price to hit .93000 key zone. If price manages to break above .90000 look for longs to .93000. Due to the uncertainty of market fluidity, risk management is highly recommended.


 

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