EU has failed to break below support over last few weeks
EurGBP has been bullish
dxy has been bullish, but has been in a short term pull back since last wednesday allowing for EU to break out above the down channel
If Dxy continue to remain in consolidation or goes into a deep retracement we can then see EU running towards liquidity around 1.13 level
current trade in in play
entry1.11680
sl: 1.11700
tp: 1.1300
EurGBP has been bullish
dxy has been bullish, but has been in a short term pull back since last wednesday allowing for EU to break out above the down channel
If Dxy continue to remain in consolidation or goes into a deep retracement we can then see EU running towards liquidity around 1.13 level
current trade in in play
entry1.11680
sl: 1.11700
tp: 1.1300
Note
EurGBP inside a symmetrical triangle: Possible break to the upside would give eurusd a bullish biasNote
1.13 cleared. Target hit
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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.