Price Action profit eur/gbp, forex outlook

Posted by on Mar 15, 2013

By David Ruscelli


This post in italian

 

PRICE ACTION FOREX

 

EUR/GBP

What happened to the eur/gbp trade price action?

I would say that it went fine, we reached a profit, it also performed a timid breakout of the support, not a very obvious one between 0,8610 and 0,8630. We are clearly against trend in particular in the UK, the macro economic data continue to be negative, so I would advise to stop and not risk any further, we are awaiting a trending signal of support in favor of the trend based on mobile average.  

EUR/GBP D1

 eur pound sterling trading forex price action

 

EUR/USD

On the Fiber we see a consolidation in the area 1,2900 – 1,3150, it seems that a flafg is forming in trend, we could be seeing a small rally up to  1,3100, shorting in price action over this position would be terrific! The outlook remains bearish.

EUR/USD D1

 fiber trading forex

 

GBP/USD

And here as well after the false intraday break of the support in area 1,4880, we see a bullish movement that could end up over the area of resistance above it, in the area 1,5300 1,5400, it will be the ideal area to come back in with a trade of price action in favor of the bearish trend, unless the momentum is too unfavorable.

 GBP/USD D1

 cable daily

 

Thank you for visiting our Forex strategico blog. Have a good trading!

 

No Responses to “Price Action profit eur/gbp, forex outlook”

Trackbacks/Pingbacks

  1. Price Action forex outlook | Forex Strategico - [...] Questo articolo in Inglese [...]

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>