EURGBP Fundamental Analysis – May 3rd 2019

Should price action for the EURGBP remain inside the or breakout above the 0.8520 to 0.8600 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.8570
  • Take Profit Zone: 0.8770 – 0.8840
  • Stop Loss Level: 0.8520
Should price action for the EURGBP breakdown below 0.8520 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.8500
  • Take Profit Zone: 0.8315– 0.8385
  • Stop Loss Level: 0.8555

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