pipared1

EURGBP may be going up

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FX:EURGBP   Euro / Libra Esterlina
I am anticipating some upward movement going into this first week of february. When price reaches the 0.87920 level I will be interested in buying this pair. My first TP level would be at 130 pips and my second TP level would be at 230 pips. My stop loss is placed just 65 pips below my entry. My confirmation on bullish sentiment is divergence on the monthly timeframe and strong support levels on the weekly. I am expecting huge price fluctuations on the 1st of February and I can see that this pair will definitely start making some major moves. Manufacturing Purchasing Managers Index news releases are expected to be released and it looks good for the euro so far.

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