I hear that a large US investment house ( possibly doing God’s work) has put out a buy EURGBP recommendation, going long at 0.8755 today looking for 0.9100, a target area we mentioned last week.
They’ve set their stop loss on a break of 0.8570, just below the strong suport line at 0.8575 that we also covered here.
Given the pair added momentum to breach offers at 0.8783. Next target 0.8800 where more sell orders await.
Here’s a look at the bigger picture.
