2015-07-25_00-02-27eurgbp 1h

We do prefer to have a bearish bias for the euro currencies due to our fundamental outlock for euro related pairs.

One trade that might be setting up is to short the eurgbp.

Please kindly note that price is touching resistance from below on this 1 hour chart.

For our trade plan to stay valid the yellow number 1 needs not to be taken out or said differently price should not move higher then this level.

If the resistance area holds then price will most likely move to the yellow number 4.

 

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