EUR/GBP: bullish momentum has declined

EUR/GBP: bullish momentum has declined

2019-11-11 • Updated

Trade ideas

SELL 0.8910; TP1 0.8890; TP2 0.8860; SL 0.8920

BUY 0.8935; TP 0.8960; SL 0.8920  

EUR/GBP formed a candlestick with a long upper wick on W1 - a bearish sign. Daily Awesome Oscillator is going down. The pair formed a lower high and may slide to 0.8890 and 0.8860 (23.6% Fibo of May-June advance). Only above 0.8930 the pair will be capable for a small upside.

EURGBP 23.png

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