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18/02/2014: BOUGHT EUR/GBP @ £0.82198


The move above intraday resistance at £0.8226 on the hourly chart completes a base pattern that implies £0.8300 (80 pips).

A pullback is finding support above £0.8210.

The intraday momentum indicators are settled in bullish configuration and the 55 hour moving averages which had been acting as resistance is turning up and is now the basis of support.

I have gone long at £0.8215 and placed my stop at £0.8181 (39 pips) which is under the support at £0.8186.

 


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