Here is Strategy Of The Day presented to clients on 6/27/2016.
Long EURGBP 6/27/2016
EURGBP is showing an incomplete bullish sequence up from July 2015 and also from May 2016 lows which means the sequence is bullish against 0.7978 (6/24) low and against 0.7563 (5/25) low. Therefore, our strategy is to buy dips in 3, 7 or 11 swings as far as pivot at 0.7978 (6/24) low remains intact in first degree (levels to be defined)
Structure of the pull back was not defined at the time of doing the video but we did get more definition going forward and chart below shows an inflection area which acted as an area of interest for the buyers.
Pair found buyers in the mentioned area as expected and made new highs as expected and hit the initial upside target area between 0.8599 – 0.8690 area.
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