There are two possible trends in EURGBP in few hours later.
First one is the uptrend correction will finish on the 0.857 which is the 38.2% of Fib Retracement.
The alternative is the uptrend correction will finish on a uptrend support which is around 0.8635, if then the price breakthrough the resistance at 0.868, the EURGBP has high possibility to break day high.
There are two trading strategies provided.
For short EURGBP, sell limit can place on the resistance around 0.867-0.868, or sell at market price, stop loss place on day-high 0.875, and take profit on 0.857;
For the long position, place buy limit on 0.863-0.864, or buy stop at 0.869, stop loss at 0.86. take profit can consider 0.878-0.88.
First one is the uptrend correction will finish on the 0.857 which is the 38.2% of Fib Retracement.
The alternative is the uptrend correction will finish on a uptrend support which is around 0.8635, if then the price breakthrough the resistance at 0.868, the EURGBP has high possibility to break day high.
There are two trading strategies provided.
For short EURGBP, sell limit can place on the resistance around 0.867-0.868, or sell at market price, stop loss place on day-high 0.875, and take profit on 0.857;
For the long position, place buy limit on 0.863-0.864, or buy stop at 0.869, stop loss at 0.86. take profit can consider 0.878-0.88.
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