ashfaq.hussain.duggal

EURGBP short 1st Target achieved, prospective H&S break occured

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FX:EURGBP   Euro / Libra Esterlina
We enter short on EUR/GBP @.8510 with initial target of .8431 which hit this morning asia session. Half of the position is closed and stop-Loss move to break-even, rest half of the position is open to take the advantage of Expected H&S setup yield.

We were expecting Euro weakness in-line to fundamentals, mentioned in our EURUSD article as well.




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