Saxo Group Videos

Collins: Demand building in EURGBP

Alan Collins expects gains in EURGBP to continue after a gradual reaction back from the 200 day line after Black Monday.

"Last week was dominated by powerful gains on the Monday but although that was followed by a setback from the 200 day moving average, losses were gradual and fragile. In fact price action has since confirmed the formation of an imperfect Rising Three pattern." says Alan.

Hhe adds that there are three reasons why the upside could develop:

Support from 13 day moving average

Break of 200 day average

Positive Keltner channel

Buy at 0.7360 and dip to 0.7345

Target: 0.7399 0.7419

Stop: 0.7318

https://www.tradingfloor.com/about/niird

01:02 minutes
Tags: bonds, bondsg, businessg, businessgbg, equities, eur, eureur, eurgbp, euro, euro area, euro dollar, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, euruer, eurusd, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex and more, forex audusd, forex buying, 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, forextrading, forward guidance, fx, gbp, gbp usd, gbp usdg, gbpeur, gbpeurg, gbpusd, growth, saxo tv, trading risks, tradingfloor.com, uer, ueruer

Switch to