Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP strengthening a bearish bias for the short-term
2019-11-11 • Updated
EUR/GBP has been trading within a bearish range below the 200 SMA at H1 chart. As the pair remains off from April 10th lows, we expect a rise to re-test the 200 SMA around the Fibonacci level of 50% at 0.8742. A break above it should expose the highs from April 2nd at 0.8793, which should strengthen the bullish bias for the short-term. However, if the pair breaks below 0.8691,then it can plummet towards the 0.8666 level.
RSI indicator stays in the positive territory.
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