EUR been GBR EEDY !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

We still had our upwards move today, but only the 84 pips available on this move, is momentum slowing, will we have a pullback ? we have had 4 good days of upward movement.

RSI has not reached its 70 line and is beginning to turn over !
MACD is still showing strong
Stochastics in OB, maybe about to turn

Lets look at the chart below and observe the inverted "Head & Shoulders", it was at the breaking of the neck line that the price broke out. If we were to measure the neck line of the formation and add the price onto the break out, we get a price close to the next resistance on the chart.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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