0,8980. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The price should find a resistance below 0,9050 (70 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 0,9000. We will put the stop loss above 0,9050 (-50 pips). The targets are 0,8900 (+100 pips, risk/reward 1:2), 0,8820 (+180 pips, risk/reward 1:3.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
0,9015 - 0,9065
0,8950 - 0,8900