EURGBP: Bearish market condition, looking for shorts

Written by Raul Lopez on . Posted in Trades & Analysis.

The EURGBP traded in a short term range in the last few days but now apparently is out of that range:

EURGBP
EURGBP

It will probably head down and hit the next LT support level.

My trading plan:

As long as the EURGBP trades below 0.8970 I will be looking for short opportunities. Please keep in mind that we might find some short term support around 0.8932

All long opportunities will be ignored.

Trade Safe!
Raul Lopez

EURGBP, EURGBP analysis, Forex Crosses

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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