Thursday, March 26, 2015
New Signal EUR/GBP
*Position Update: As of 03/27/2015 @ 7:18 EST The Global Currency Scalper covered it's position in EUR/GBP @ 0.72786 booking 47.1 Pips profit.
As of 03/26/2015 @ 19:55 EST:
We have identified a possible short position in EUR/GBP. This pair has been in a downtrend since late 2014 and has recently bounced just short of the 38.2% Fibonacci level. We feel the EUR/GBP is preparing to sell-off once again especially after putting in an evening star candlestick.
The Global Currency Scalper will be shorting EUR/GBP at 0.73220 with targets of 0.72570 which is the 23.6% Fibonacci level followed by the figure of 0.72000 and then 0.71700. We will be placing our stop with a break of 0.74580, if this level is taken out prior to initiating our position we will cancel the order and perform further analysis.