The Euro vs. the British Pound(EUR/GBP). This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom.
The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two.
Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
Our Proprietary Trading System indicates the following for EUR/GBP:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we will execute a bullish trade on EUR/GBP
Global Entry Signal For EUR/GBP Trade #1: Buy @ 0.90005
Global Trailing Stop Loss For EUR/GBP Trade #1: @ 0.89133
Global Target Profit For EUR/GBP Trade #1 : @ 0.98844
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
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