EURGBP is currently trading in a descending channel. Having tested a strong support area at 0.85500, price rallied to test the 0.86975 resistance area, failing to break neither at with this recent attempts. I expect EURGBP to break out of the channel to the upside creating another trend direction.
Entry 0.85980, Stops 0.85000 & Target 0.88000
Trading ideas are subjective. Individual analysis advised.
Entry 0.85980, Stops 0.85000 & Target 0.88000
Trading ideas are subjective. Individual analysis advised.
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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.