Eurgbp bias for the week
So last week we saw Eurgbp break structure to the upside creating a bullish market market structure shift so I expect to be bullish this week and the beautiful thing i saw was a retracement on Thursday and Friday after the bullish move. And from my analysis i see a support around 0.8574 which is where I’ll be expecting the bullish move to start from. I’m not expecting the support be tested until around tomorrow or maybe Wednesday and i expect it to happen during London session where it should break below the most recent low creating a fake breakout deceiving lots of traders to sell short but the support 0.8574 level is just below that low so i think the sell is testing the support level at the same time manipulation is occurring to trick traders to sell the breakout out of that low. And when that support has been tested ill be expecting first take profit just above last weeks high,0.8660 preferably. It has good chances of going higher but ill be content with a raid above last weeks high.
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