Thursday, September 9, 2021 8:25 AM EDT
The EUR/GBP is getting weaker. I expect a further move to the downside.
The EUR is losing vs GBP. The price has made 4 consecutive lower highs and this is the sign of continuation decline. We could see a retest of 0.8580 zone which could be good for positional shorts. Targets are 0.8560 followed by 0.8550 as the main support. If the price breaks 0.8550 watch for 0.8510.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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