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Coleman: Buying a break in EURGBP

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February 16, 2016 bonds, bondsg, business, eur, eurgbp, euro, euro area, euro dollar, euro zone, eurodollar, europa, europe, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, for, 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, forward guidance, fx, fx crosses, fx forex, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fx volatility, gb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp trading 2015, gbp usd, gbp weakening, gbp weakeningg, gbpeur, gbpeur 2014, gbpjpy, gbpusd, gbpusd 2014, gbpusd labour day, gbpusd record high, gbpusd trade idea, gbpusdg, gold, growth, saxo tv, tradingfloor.com, weur
Ian Coleman is buying a break in EURGBP after the pair hit a medium term 161.8% extension at 0.7840. "We are now correcting lower but still in a bullish channel. Support seen at 0.7720 so further losses should be limited." Ian adds.  
 
1 hour 261.8% extension at 0.7706. Look to be forming a bullish reverse Head and Shoulders
 
Bespoke resistance at 0.7748
 
Buy a break of 0.7753 

Targets: 0.7795 then 0.7850 

Stop: 0.7723