SaxoTV

Coleman: Looking for a break in EURGBP

349 views
August 27, 2015 bondsg, bondsgbg, eur, eureur, eurgbp, eurjpy, euro, euro area, euro dollar, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european central bank, european economy, european recovery, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, fed, federal reserve, federal reservex, federal reservexfx, finance, foprex, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd short, forex buying, forex eurjpy, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, formación, forward guidance, fx, fx audusd, fx award, fx changes, fx chart, fx crosses, fx dealing, fx dollar swiss, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx forexf, fx gbpusd, fx interbank markets, fx interbank marketsx, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx usdchf, fx usdjpy, fx volatility, fx volatitily, fx vols, fxallocationmodel, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, gb, gbgbgb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp usd, gbp usdg, gbp weakening, gbpchf november 2008, gbpeur, gbpeur 2014, gbpusd, gbpusd 2014, gbpusd labour day, gbpusd record high, gbpusd trade idea, saxo tv, tradingfloor.com, xau
Ian Coleman is looking for a break in EURGBP after what he calls overbought extremes in the pair.

With a mixed intraday view in the dollar index ahead of US figures, Ian says he's spotted an opportunity after aggressive buying, a 16 week high on Monday after rally of 396 points and a mild correction which "lacks downward strength".    

Daily chart shows correction from 161.8% Fibonacci level 
Intraday chart looks like ascending triangle formation  

Buy: 0.7364
Stop: 0.7334
Targets: 0.7460
              0.7482