By: Doug Rosen
EUR/GBP continues to look very bullish to me. Price continues to make higher highs and higher lows, shorter term ema's are crossing through and above the longer ema's and Bollinger Bands open and pointing up and all of this is happening on all time frames.
I would watch for price to come down to 0.8790 area and catch a long to the 0.8880 area, then expect a fall back down due to profit taking. Expect your set up to the up side to take place after price reaches the 0.8830 since I believe this will be the level that will trigger out pullback.
If you miss this trade going long, or news pushes it up before you get into position, stay patient and wait for this pair to hit 0.8880 - 0.8890 and take a short back down to 0.8840 area.
