Dynamic Trader Forex Blog FXCPS.co.uk: EUR 'EKA GBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : DAY Chart (Posted Below)

I hope you all read the blog of last night before you missed too much of the 214 pip breakout today. For those that took action, well done and for those who missed it, there will be others.

MACD is still below the zero line, threatening to cross over, making it bullish.

We are at a Fib breather level at present.

RSI has crossed the 50 line and currently moving upwards.

Stochastics are crossing into OB, but may still have some wind in its sail.

I have drawn some shorter term targets from existing support/resistance, with the MOB giving the longer term target. Remember the BIG RN 1.0000 stands in our way.

With such a big move today we might see some ground taken back tomorrow, therefore make sure your stops are suitably placed.