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EUR/GBP down trend in 1 hour
Monday, April 13, 2015 3:33
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Yesterday, the price of EUR/GBP tried to fall and then rise. The trend is now bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 0.7312 I would be probably looking for short trades, as long as trend remains bearish. Bearish price action looks a bit weak and slow, price is heading, down. If bullish candlestick closes above 0.7312 critical resistance level then down 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-down-trend-in-1-hour-6
I see the gap going up and then down and then up and then down again.
The Euro/GBP/USD do this all the time but the trend in purchasing power is down and jumping from one diving duck mid flight to another won’t do you any good.
Mr FX would you not enjoy it more playing the slot machines and buying yourself a bag of chips why you are about it ?
You and your kind are one of the reasons the world is so screwed up because you contribute little of any worth by gambling and i won’t be meeting you down the pub to talk about your winnings