EURGBP- Having continued to weaken, the cross looks to extend that weakness. On the downside, support lies at the 0.6900 level where a break will expose the 0.6850 level. Further down, support comes in at the 0.6800 level where a violation will turn attention to the 0.6750 level. On the upside, resistance lies at the 0.7050 level where a violation if seen will turn focus to the 0.7100 level. On further upside, a breach of the 0.7150 level will set the stage for a run at the 0.7200 level. All in all, risk points lower on more weakness.
Get More Power Over Your Trading With Less Hassle
FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.