So I have been following the latest phase of the EURGBP uptrend since late January, and managed to get in long @ 0.7515.
My original view, which I am still subscribing to was to TP @ .8150, however the sharp south bound price action over the last two trading sessions after hitting a high of 0.8097 has left me a little concerned. Clearly there was always going to be a fair bit of resistance around the magic round number of 81, but the sharpness of the pull back, in conjunction with the recent comments made by the ECB about the current EURUSD highs has me a tad concerned that this little dream run maybe over.
Wondering if anybody else here has been following the pair and if so what are your views opinions?
My original view, which I am still subscribing to was to TP @ .8150, however the sharp south bound price action over the last two trading sessions after hitting a high of 0.8097 has left me a little concerned. Clearly there was always going to be a fair bit of resistance around the magic round number of 81, but the sharpness of the pull back, in conjunction with the recent comments made by the ECB about the current EURUSD highs has me a tad concerned that this little dream run maybe over.
Wondering if anybody else here has been following the pair and if so what are your views opinions?