EURGBP Breakout (Long)
As the clock ticks down to conclusion of talks on Greece, EURGBP may give us a nice trading opportunity. Pair bounced from long term support of 0.70 level and bounced second time after making a double bottom. Strength of second bounce is apparent with strong bull candles on the daily chart. Price was rejected and created a resistance level around 0.7200 - 0.7220 zone. If market breaks out this with momentum, I am looking to exploit this opportunity to get long. There are some speed bumps on the way but first major resistance is at 0.7380.
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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.