While the pair is trading within a very tight
range this week, affected by the conflicting news about the British-European
negotiations, we are likely to see a significant upside over the pair during
this month
MACD Alerts - According to our index, the
sideways trend remains for a period of time in very tight trading before we see
a clear break
Support and resistance
The strongest support at 1.270 and we are not
likely to see declines to that area, while the nearest support at 1.2890, an
area that the pair has touched and rose several times but remains a valid area
of entry buy from those areas
Trading Recommendation
Buy the pair from the current levels 1.3020 and
repurchase at 1.2890 and 1.270
Stop loss at 1.26
Take profit in three stages
First take the profit 1.3175
Second Take Profit 1.3270
Third Take Profit 1.3550
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