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EUR/GBP Up trend in 1 hour
Monday, March 30, 2015 15:09
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Yesterday, the price of EUR/GBP tried to fall and then rise. The trend is now bullish in 1 hour time frame. The intraday support could be seen at the price level of 0.7226 I would be probably looking for long trades, as long as trend remains bullish. Bearish price action looks a bit strong and fast, price is heading, down. If bearish candlestick closes below 0.7226 critical support level then up trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.
Source: http://www.fxinstructor.com/blog/eurgbp-up-trend-in-1-hour
