EURGBP in range
EURGBP is in big range between 0.83000 and 0.9230. We can see on historical chart that price bounced up from support line 4 times. At this moment price is in the middle where sometimes in past it stayed for a long time (for almost a month at the turn of June and July). We will be observing behavior of demand and supply on lower timeframes (H1 and H4) for signs to go into support or resistance. If we will not catch this movement, we will be finding opportunity to trade near support or resistance levels.
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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.