15
Sep
EURGBP short opportunities
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- Category: EUR, GBP
The ECB-coordinated efforts to rescue Greece has seen Euro bouncing up big time. However, we think the current “clear” downtrend should still attract another round of Euro shorts near the current levels, in anticipation of a new low or at least a decent retracement.
Strategy: Short EURGBP near the chart down trendline
Profit Target: previous breakout-turned support around 0.8730 and below
Stop: Keep it tight above 0.8820, in case the up trend has indeed resumed from the swing low around 0.8530
EURGBP H1
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