allstarfx

EURGBP long or short?

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FX:EURGBP   Euro / Libra Esterlina
I'm watching this pair for a while now. I was waiting it to reach the demand zone that's marked with lite green. I'm still not truly sure what's going to happen there. I'm waiting for a short to appear but the EUR has became really strong in the last days and it looks like the weekly zone marked on the chart, that the pair has been bouncing of it a lot lately is going to be broken if we don't get the collapse of the pair today. The zone is already slowing down the pair by rejecting it. So wait for the big bearish move to appear before considering the short. If the demand zone gets broken, I'm expecting the pair to reach the highs of 0.95800 again.
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