Eurgbp

[Will Duxon]

My search did not turn up a Thread with the Euro-Cable as its title, so I had to create one.

 

[arigoldman]

Expecting a consolidation.

 

[Will Duxon]

I overlooked the inclusion of 4-hour charts in my analyses yesterday, which is why my tables had an extra row at the bottom. So what did they say?

According to my 4-hour EURGBP chart, this pair is neutral, so I might look to go long under 0.8977 or look to sell above 0.9060.

 

[Will Duxon]

I still view this pair as bullish overall, but based on my daily chart, I would only be interested in entering a long position somewhere around 0.8760.

My four-hour chart has turned slightly bearish, but at 0.8934, the pair looks to be in a good position to head north a few pips before dropping further (if dropping farther is what it intends to do).