EUR/GBP: Range Play at Support

EUR/GBP has been ranging between 0.8520-0.8580 for two weeks. Price is at the lower end of the range.

Setup

Simple range play — buy at support with stops below. The pair has bounced from 0.8520 three times this month.

- Entry: 0.8525
- Stop: 0.8495 (below range)
- Target: 0.8570 (range high)
- R:R: 1.5:1

Invalidated if UK data causes a break below 0.8500.