SaxoTV

Coleman: Bullish on EURGBP after overnight bounce

297 views
February 02, 2016 bgc partnersg, bonds, business, eur, eur usd, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro strength, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european banks, european central bank, european economy, european recovery, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, for, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd short, forex buying, forex eurjpy, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, forward guidance, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, gb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp trading 2015, gbp usd, gbp weakening, gbpeur, gbpeur 2014, gbpjpy, gbpusd, gbpusd 2014, gbpusd five year high, gbpusd labour day, gbpusd oct 2008 highg, gbpusd record high, gbpusd trade idea, gbpusdg, saxo tv, tradingfloor.com
Ian Coleman is trading EURGBP after a strong move to the upside from a 0.6989 low in November 2015. Ian notes that the bullish channel formation has consolidated with a move sideways and mixed trading which, he points out, is common in corrective patterns.  

Following a bounce off trendline support overnight, Ian is looking for a future move to the upside.   

Buying at a mild dip at 0.7570

Stop: 0.7545

Targets: Intraday 0.7620 & 0.7840 over medium term