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28.07.2017 07:49 AM
Trading forecast for EUR/GBP: July 28, 2017

The breakdown that occurred this week indicates a correction to the momentum of the previous week. This allows you to keep purchases made at a minimum level. The initial target of growth is the upper limit of July.

Medium-term plan.

The upward trend continues to be a medium-term impulse, which enables you to manage the purchases made this week, including the previous ones. he initial target of growth is the upper limit of July. The main objective of the upward medium-term model remains at the monthly short-term fault found at 0.9119-0.9081 levels, and the next NCZ 1/2 is located at 0.9097-0.9087 zones. Reaching these zones requires a partial or complete fixing of purchases searching for profitable prices for sales upon forming a reversal model on the lower timeframe.

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The formation of an alternative model is possible.

Intraday plan.

This week, the pair traded between two defining control zones.

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Daytime CP is the daytime control zone.

Weekly CP is the weekly control zone.

Monthly CP is the monthly control zone.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
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