FX.co ★ Trading forecast EURGBP 08/17/2017

The EUR / GBP pair continues to form an upward medium-term.

Medium-term plan.

The growth of the pair remains a priority, which allows us to consider any decline in order to find advantageous prices for the purchase of the instrument.

If the pair reaches the specified levels, then it will be necessary to close all long positions completely. Upon the appearance of the initial signs of the proposal and formation of the reversal model on the lower timeframe, it will be possible to make the first sales.

The probability of forming a reversal pattern from the current marks is 30%, which indicates the need to use any decline to find profitable prices for the purchase of the instrument. To reverse, you will need to employ the growth of the current week and consolidate below the local minimum.

Intraday plan.

Daytime CP is the daytime control zone.

Weekly CP is the weekly control zone.

Monthly CP is the monthly control zone.