FOREX FORECAST FOR 27TH OF AUGUST, 2013. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 27TH OF AUGUST, 2013. CLICK ON THE CHART TO ENLARGE





Today on the 4 hour chart, the EUR/GBP is on a long term uptrend. But we are going to pay attention at the level marked with thick yellow colour line 0.8576 (which will be our Pivot Point). Currently the market is moving up and we are expecting it to continue on its upwards trend.

RECOMENDATION : Buy if the price continues on its upwards trend or rebounce on the thick yellow colour line 0.8576 (pivot point) with your stop loss place a little below the thick yellow colour line 0.8576 (pivot point) and take profit set at 0.8699 and 0.8677 respectively.

Sell if the price breaks the thick yellow colour line 0.8576 (pivot point) and is going downwards with your stop loss place a little above the thick yellow colour line 0.8576 (pivot point) and take profit at level 0.8540, 0.8506, and downwards respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital.




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