Intraday Update: $EURGBP definitely looks a bit on the ropes right now.
Of course, this snail can stay on the ropes for a few more weeks but the speed at which we've come down from 0.84 is a bit of a concern.
It's pointing to the possibility of a break under 0.83 but there's an old level going back through 2022, 2019 and further, at 0.8276 that might catch the knife.
If that goes though, 0.8200 might come fairly quickly.
Or, we break by 0.83 by 15/20 pips, trip stops, bounce back above and then spend another 5 weeks hovering around.
This pair is great for training your patience.
Intraday Update: $EURGBP definitely looks a bit on the ropes right now.
Of course, this snail can stay on the ropes for a few more weeks but the speed at which we've come down from 0.84 is a bit of a concern.
It's pointing to the possibility of a break under 0.83 but there's an old level going back through 2022, 2019 and further, at 0.8276 that might catch the knife.
If that goes though, 0.8200 might come fairly quickly.
Or, we break by 0.83 by 15/20 pips, trip stops, bounce back above and then spend another 5 weeks hovering around.
This pair is great for training your patience.
