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Play a short term long but short trade still in play
EURGBP
, 240
Long
EURGBP: Play a short term long but short trade still in play

EURGBP has built a base at the 0.91 level and sustained above it. Time for a short term long play but keep the short trade on hand. Support becomes resistance so wait for a retracement to around the 0.91 level and take a long position as marketkolor.com suggests. Ride the long but watch it closely and get ready to go short when the time is right. Short still in...

We still like a short on EURGBP
EURGBP
, 60
Short
EURGBP: We still like a short on EURGBP

EURGBP struggles to push higher and we continue to to like a short position around these levels. Feels like the markets are waiting on news to decide what next so to speak. marketkolor.com also highlights that ATR is trending down which suggests a decrease in volatility. This further highlights an important inflection point in the current price action. The market...

Momentum may end
EURGBP
, 60
Short
EURGBP: Momentum may end

Momentum suggests further upside in EURGBP but all good things come to an end. Consider a short at the 0.9087 level as described by marketkolor.com

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