EUR/GBP is another pair where we can find +ive and --ive Trades.
However, from my perspective EUR/GBP pair gives long term trading opportunities as well as short term.
If you see on the D1 chart of this pair....a clear movement between Fibonacci Retracement levels...since Jan 09.
Long term rally below trend line?
I think so the 200 D MA is moving upwards and 100 D MA have barely started moving towards the right side after a stable and a gradual climb.
200 D MA will provide a support as the pair starts to move in between the 2 averages.
Whatever the case may be the trendline on D1 shows and slide down....bcz of currency is under the 100 D MA and trend line is the second resistence...previously the currency was moving above 100 MA and beneth the trend line.
On the M15 chart you will see a different picture of this pair as it shows a lot of buying pressure at the moment....with the pair testing the 100 MA. Its happening all after breaking the trend line and taking a breath... So shall I long it or short it?
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