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Technical analysis of a long EURGBP trade: Lambert
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Clive Lambert from FuturesTechs.co.uk provides a technical analysis of a long EURGBP trade.
EURGBP has been recovering for the last week or so after finding buyers at a key support zone around 0.8300-0.8350. Tuesday was a large green candle with Marabuzo support at 0.8465, a level that’s held on pullbacks since.
Lambert expects to buy at around 0.8480 with a stop below 0.8445-50. The targets are 0.8540, 0.8585 and 0.8720.