EUR/GBP: the euro is haunting a «Shark»

EUR/GBP: the euro is haunting a «Shark»


BUY 0.8835

SL 0.878

TP1 0.8895 TP2 0.894 TP3 0.9015

On the daily chart of EUR/GBP, the implementation of the junior “Shark” pattern with the 88.6% target continues. The target is located near 0.8940. To continue the upward movement, bulls need to stick above an important level of 0.8805 (50% from the middle-term upward wave) and renew May highs.


On H1, bears cannot hold the pair below the bottom line of the uptrend that signals bears' weakness. A break of the resistance at 0.8835 will let bulls to move up.



XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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