Euro / British PoundShort
Price Breaking Into Support
Price has been incredibly sideways in this market for the last six months.
Whilst we have now had a nice move lower in the last few sessions, price is still contained within this sideways move.
If we are looking to make trades in this pair the only options at the moment are either to wait on the sidelines until price breaks in a clear trend, or use the current levels to find trades.
One level that could offer a trade is the price flip resistance just above as shown on the daily chart for potential short trades.
Whilst we have now had a nice move lower in the last few sessions, price is still contained within this sideways move.
If we are looking to make trades in this pair the only options at the moment are either to wait on the sidelines until price breaks in a clear trend, or use the current levels to find trades.
One level that could offer a trade is the price flip resistance just above as shown on the daily chart for potential short trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.