EURGBP is rebounding amid geopolitical easing, which translates into a strong upward impulse. Today we have a second day of the bullish swing, which might only be the beginning of a larger upswing as shown on the chart. Combined with the local strength of responsive swings (which fall into the "accumulation area" on the chart), it opens a short-term windows of opportunity for the long trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.