EURGBP MARCH 2022

I anticipate the price to reach 0.8550 in March.

I will search for buy setup on lower time frames.

Price may slightly go below 0.8300 level rise from there.

Note

Note

Price broke the channel with the impulse started from the level I was anticipating.

Now I anticipate the price to correct and the start rising again.

Note

Price has broken the historical support level of 0.8300.

I anticipate the price to complete the corrective pattern then continue downside.

Fundamentally, in this war environment in EU I don't see any reason for the Euro to rise. On the other hand, energy supply risks put another pressure on Euro.

Note

Rise is very aggressive.

Setup has changed, but I still watch for sell setup.

Note

Nine-Trader

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Nine-Trader

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