Our Preference: Buy above 0.8780 for the target of 0.8870 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurGbp was trading in the triangle pattern, EurGbp was failure to break lower trend line and 62 % Fibonacci retracement level, EurGbp was closed above the 62% Fibonacci retracement level and its closed above the lower trend line, Now the lower trend line acting as the key support level and one more think its trading in the sideways movement between key resistance level and key support level, so we can buy above the lower trend line of key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- EurGbp was trading in the triangle pattern, EurGbp was failure to break lower trend line and 62 % Fibonacci retracement level, EurGbp was closed above the 62% Fibonacci retracement level and its closed above the lower trend line, Now the lower trend line acting as the key support level and one more think its trading in the sideways movement between key resistance level and key support level, so we can buy above the lower trend line of key support level and except upto next key resistance level :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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