Round Up Time

Good Morning Dynamic Traders

Hope you all had a great Easter Weekend!! I’m going to sign off from following the EURGBP today and I'm going leave you with some food for thought on what price might do next!
Last week price has continued its down trend and seemed to of found some help with the RN which only appears to be slowing price down rather than reversing the direction of price.

In the 4 hour chart below we have convergence on the MACD that can be seen quite clearly!














This convergence is also forming the hour chart, which I have highlighted on the chart below.














If this convergence does form we should notice price get a little stronger, and with price hovering around the RN it will be very interesting to see whether it is enough to change the direction price or will it just provide us with a breather before it drops anymore. What do you think?

Tomorrow I will choose another currency for us to follow.

Happy Trading

Richard Monnery