By in commentary, technical analysis

FX Technical Analysis – EURGBP a BUY at 8078

This morning’s analysis for EURGBP suggested a buy at 8070 with a stop at 8044.

Since we put that out pre 8am (UK time) the market has tested and held this level on a number of occasions.

A buy trade can be placed at current levels (8078) or a safer trade would be to buy a break through 8080, with the stop tightened to 8068 – A nice tight rtade from a “Risk/Reward” point of view on what’s turning out to be a very quiet session.

The targets we had on this morning’s report were 8098, 8112 and 8148.

We will track this trade on our Twitter feed: @FuturesTechs. Feel free to follow!