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Last Update 20/03/2015 - 6:46am
AnalysisEURGBP - Intraday - We look to Buy at 0.7210 (stop at 0.7190)
Morning dips were bought into in front of yesterday\'s support level (0.7150) and follow through bullish momentum resulted in all the initial down move being overturned. Upward pressure has continued overnight and the previous resistance area of 0.7250 is now under pressure. We look for a temporary move higher. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 0.7250 and 0.7275
Resistance: 0.7250 / 0.7275 / 0.7290
Support: 0.7230 / 0.7210 / 0.7150
Not sure about the analysis? Learn how to trade our signals >Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.
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