EURGBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : Day Chart (Posted Below)

As we mentioned last night, the news today from the BOE certainly had a movement on price. We were presented with a 94 pip candle on the 60min chart at 1000-1100 hrs GMT. Price has retraced since then and is back to the support of the 100 EMA as mentioned in last nights blog.

Our DAILY chart is still showing some strength to the top side with MACD line above the signal line, the histogram is above the zero line and stochastics are at 60 pointing upwards.

Price has been consolidating over the last 6 hours on the 15min chart since 1830hrs so a move / BOB will be soon on the cards. EUR or GBP opening could be that timing ?

RN .9000 remains a major factor in our destination.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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