Monday, April 29, 2013

EURGBP Price Action: Pivot Bottom Trade Setup, 29/04/2013

 The previous Key support Zone on the EURGBP (around 0.8420) has halted the sell off on the pair once again, after previously halting it and going bullish after a Fakey with Pin Price Action Setup. This time around, we have a Pivot Bottom Price Action Setup. If this setup pulls off and is able to break through immediate resistance at about 0.8470, price would then attempt to reach Key Resistance at about 0.8570.

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