EURGBP Perfect Sell Entry Thank You Carney

3 ago 2017

EURGBP on the daily shows a great sell entry. its testing a previous resistance and the resistance above it isnt that high. The best strategy to sell this pair is to begin slow. Start with a small position so that you have enough left to add some more every 40 pips spike. And if it goes down add more every 60 pips. The longer (around 2-3 weeks) target is 0.86. So be building your positions this way you will have a very very nice profit in the end.

Also every time EURGBP got above 0.90 it went back down quickly. The BOE wont ever allow EURGBP get to parity because that would look to bad for them. they want GBP to stay the stronger currency.