0,9061. EUR GBP is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9060. We will put the stop loss above 0,9135 (-75 pips). The targets are 0,8950 (+110 pips, risk/reward 1:1.5), 0,8850 (+210 pips, risk/reward 1:2.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
0,9130 - 0,9230
0,9030 - 0,8950