EUR/GBP: time to pull the trigger and fly?
As it can be inferred from the Weekly timeframe graph, the price has strongly rejected the local area of support by printing long and beautiful wick candles.
Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves.
While ranging between the borders of the sideways-moving channel, we are expecting for the price to continue rising and reach the area identified on the graph. Our sentiment remains strongly bullish and we believe that this move to the upside is more than possible.
Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves.
While ranging between the borders of the sideways-moving channel, we are expecting for the price to continue rising and reach the area identified on the graph. Our sentiment remains strongly bullish and we believe that this move to the upside is more than possible.
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