Good Afternoon Traders,
The Euro currently sits at a level imminent for a big drop with the potential returns of around 200-400 pips. The RSI currently indicates significant divergence and I believe the GBP will gain some momentum during the remainder of the year, boosting the strength of the GBP and driving the euro down (this can be seen by my analysis of the GBP) The impulse may come quickly and therefore it is key to find an ideal entry level and accommodate for a large stop loss.
Further updates to come.
Ike.
The Euro currently sits at a level imminent for a big drop with the potential returns of around 200-400 pips. The RSI currently indicates significant divergence and I believe the GBP will gain some momentum during the remainder of the year, boosting the strength of the GBP and driving the euro down (this can be seen by my analysis of the GBP) The impulse may come quickly and therefore it is key to find an ideal entry level and accommodate for a large stop loss.
Further updates to come.
Ike.