As the pound has been in free fall recently, the EURO has been boosted consequently and its no surprise that the EURGBP has rocketed to new highs.
Today I want to share with you an idea of trading, which is technical but not necessarily an overload of technical analysis. The red line shows the 200EMA and I have shown the retraction of price from the 200EMA. One way of trading this is to observe how far has price exceed from its fair price range (a.k.a. he 200 EMA). The 200EMA is a good all round evaluation of price and where it should be.
Therefore, I would expect the EURGBP to retrace somewhat towards the 200EMA in the coming days.
For more information, please sign up to my website (look on my tradingview homepage) or follow me on here/twitter.
Today I want to share with you an idea of trading, which is technical but not necessarily an overload of technical analysis. The red line shows the 200EMA and I have shown the retraction of price from the 200EMA. One way of trading this is to observe how far has price exceed from its fair price range (a.k.a. he 200 EMA). The 200EMA is a good all round evaluation of price and where it should be.
Therefore, I would expect the EURGBP to retrace somewhat towards the 200EMA in the coming days.
For more information, please sign up to my website (look on my tradingview homepage) or follow me on here/twitter.
Commento:
Should probably mention in this case the missed monthly pivot is my target for this pair!
