EURGBP breakout of a descending trendline on the cards. Lower timeframes are in a bullish structure as we gear up for a break. I think if there's a surprise in the fundamentals we could get a fast bounce, but it may be gradual over the next month, stay patient!
Note
Great breakout as predicted, we'll probably get a retest of the trendline and resistance level becoming support. Price can continue to rally as the GBP remains weaker, but keep an eye out to add another position or once the pullback is complete, to bring stops into profit.
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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.