Trade Idea: EUR/GBP – Buy at 0.8200 or sell at 0.8440

As euro has eased after intra-day marginal rise to 0.8384 (yesterday’s high was 0.8380), suggesting consolidation would be seen and retracement to 0.8300 and 0.8226 (50% Fibonacci retracement of 0.8067 to 0.8384), however, as low has been formed at 0.8067 as wave v, reckon 0.8188 (61.8% Fibonacci retracement) should hold and bring another rise later.

View full post on Forex Trading Ideas