Trade Idea: Buy EUR/GBP
Entry: 0.83300
1st take Profit: 0.83719
2nd Take Profit: 0.84183
Rationale:
Technical Analysis: EUR/GBP has shown strong Support near the 0.83100 level, with recent price action indicating potential for an upword move.
Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.82500 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Entry: 0.83300
1st take Profit: 0.83719
2nd Take Profit: 0.84183
Rationale:
Technical Analysis: EUR/GBP has shown strong Support near the 0.83100 level, with recent price action indicating potential for an upword move.
Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.82500 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
GODO Capital Markets
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