EURGBP – Clear bullish condition

Written by Raul Lopez on January 13, 2011. Posted in Trades & Analysis

The EURGBP is trading in a very clear bullish market condition. This is the type of market conditions that I like to trade: clear support & resistance levels plus clear rejection from those levels. It is clear that the EURGBP got rejected from the main support level around 0.8334:

The market is likely to continue its way up until it reaches 0.8588 (the next LT resistance level). Only long opportunities are in play.

Trade Safe!

Raul Lopez
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Tags: EURGBP analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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