Something's gotta give

Dear Traders,

Well done to those of you that captured some profits from the Swissy's movement today.

The EURGBP is showing signs of a potential breakout. Below is the 240 chart, somewhat smaller timeframe than usual. Several areas of resistance have been highlighted by the line drawn. The value index has been tagged numerous times recently. In addition (not drawn on the chart) there are several areas of support close to price action. All in all, price is coming into a squeeze and will have to burst out one way or the other. We will position ourselves and wait for the right opportunity and confluence of events to take what is offered if the filter rules are adhered to.














Good Trading!
Bijal Shah

http://www.fxcps.co.uk/blog
http://www.fxcps.eu/
http://www.dynamictraderblog.com

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