It's ok man, you're in the one where we're all billionaires on a yacht in the Med sipping cocktails and surrounded by beautiful women......mind you I think you're mother-in-law turned up but fortunately I woke up before that happened!
AHHH the eurgbp is at a nice stabilizing level huh?
Time for the eur to be stronger than the wretched gbp
I am looking to buy at the 100 EMA on the Daily which is about 0.8910
might get there next week but its a good spot to go long with a relatively short 40 pip stop to the downside and I would say maybe upwards to 0.9400 upside based on the RSI momentum expectation hitting 75/80 again
ehhh this eurgbp looked done and then the snap back
I am sticking a fork in this turkey
short @ 9010
target @ 8980
stop @ 9025
yeah yeah terrible risk reward but I do not want to deal with another bounce off the 200 EMA on the hourly ... that is something that I do not want to sit through
I think fxdd likes the short @ 9035 with a target of 8900
I am not sure why. The candles and price action look like all signs point to the erugbp ripping up. The only thing I can really see is that the momentum indicators on the 5 min charts say that eurgbp is over bought. But subsequent charts say that the eurgbp has another couple of legs before it enters the over bought territory.