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EURGBP Technical Overview and Short Opportunity

Update: Target 2 Reached 40 pips

EURGBP Technical Overview and Short Opportunity

Published 04-06.2018

We have running short positions. If you look for a fresh short entry:

The pair could not break above 0.87500. The first target will be 0.87170 and break below 0.87170 will carry the price 0.86800 and 0.86600.


ENTRY: 0.87400

STOP: 0.87600 – TIGHT STOP –

TAKE PROFIT 1: 0.87200

TAKE PROFIT 2: 0.86980

TAKE PROFIT 3: 0.86650


  1. You can keep this trade for midterm purposes and targets will be 0.86300 and 0.86100. The stop must be above 0.87800.
  2. You can add short break below 0.87170

UPDATE: Trade reached the second target 40 pips and running

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
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EURGBP :  Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility


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