The EURGBP rose by 30% since the Q3 of the 2015 , building a very big bullish candle . However the real body of this candle could shrink in the coming weeks
A correction should be natural at this point , considering the overbought of long period . The indicators of short period ( CCI and Stochastic) showing as this correction is already begin , in add a these signal the overbought is confirmefd by the Bollinger Fibonacci BANDS. I use the for retracements find a target level , that could to be the 50% line .
Translate to English Show original