Monday, September 14, 2015

New EURGBP Signal

EURGBP is forming a nice falling wedge pattern on the 4 hour.  This should lead to a breakout to the upside and continue it's short-term trend higher.

We will be waiting for a close above the top trendline, assuming we get that close we will then initiate our long position.  Targets will be 0.7400, 0.74500 and 0.75000.  A close below the lower trendline will make the signal null and void.

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