EUR/GBP: COILING UP 🧨
Updated
EUR/GBP has been trading in a tight range since the beginning of 2016. Currently, EUR/GBP is trading at the bottom of the range with Weekly Bullish Divergence . Expecting a bounce back to the top of the range at 0.898 - 0.909.
Note
EURO futures tagging monthly support level at 1.0455. When price reverses, this will add more fuel to the pump.
Note
Weekly Bullish Engulfing Candle in the making in addition to a trendline break. Pound impulsing to the downside fueling the rally
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