Analytics is based on the circular level, price channels and altered wave analysis.
08/01/2019 Technical analysis and forecast EURGBP
On the daily timeframe EURGBP formed a reversal pattern "absorption."
Timeframe M30 occurred narrowing Bollinger bands that tend to lead to a strong pulse (the effect of the compressed spring - market participants are concentrated in a narrow range of prices). EURGBP trading below 135 moving average. Penetration level of 0.9088 will give a patterning 123.
Trade Idea pair EURGBP:
Sell EURGBP pair below 0.9088.
Stop Loss - 0.9123 (short); 0.9182.
Target levels - 0.9050; 0.9000; 0.8950.
Author: Eugene Boguraev Grand Capital
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