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Selling EURGBP as Euro rally stalls
Ian Coleman from First 4 Trading is looking to sell the Euro Sterling at the market, and his decision comes ahead of central bank meetings this week on both sides of the Atlantic. The ECB is expected to change interest rates low.
Ian says we have seen a recovery from the 85.80 level and that the corrective sequence has been volatile. He expects the rally to stall because of two resistance levels; the fibonacci at 86.45 and the maribuzo at 86.53.
As a result, Ian is looking to sell at market, stop at 86.65 and his targets are 86.21, 86 and 85.80.
01:03 minutes
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