Again, the EUR/GBP is trading in a channel (it seems to be doing that a lot these days). The channel is about 100 pips wide with the buy line at about 0.8780 and the sell line at about 0.8679. I will buy if the hour bar closes above the buy line, or sell if the hour bar closes below the sell line. Stops at the opposite channel line. Move to break even at +30 pips then pay close attention to make sure we get as much as we can. I'd look for a buy to go to about 0.8900. A sell would be a tougher target. There is no recent support line to use as a guide. If it falls it could go to 0.8400 or below. Time will tell. I'll keep you posted.
Happy Trading!
Happy Trading!
