EURGBP Getting Ready For A Move Higher
EURGBP is forming a nice falling wedge pattern on the 4 hour. This should lead to a breakout to the upside and continue it's short-term trend higher.
We will be waiting for a close above the top trendline, assuming we get that close we will then initiate our long position. Targets will be 0.7400, 0.74500 and 0.75000. A close below the lower trendline will make the signal null and void.
We will be waiting for a close above the top trendline, assuming we get that close we will then initiate our long position. Targets will be 0.7400, 0.74500 and 0.75000. A close below the lower trendline will make the signal null and void.
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