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Euro / British Pound

EURGBP: Bulls expected to rule

By ifanwar
Updated
The pair is showing bullish behavior on 4 hourly chart. An obvious Cup and Handle candle pattern is supporting the idea. Entry is partially at current rate. Additional buying is indicated if it gives closing above immediate weekly resistance. Stop loss is placed at last higher low on 4 hourly chart.
Comment
Bullish Engulfing candle on Daily chart and closing above strong weekly resistance at 0.85276 makes the pair a strong BUY. Another higher high made on 4 hourly chart further strengthens the idea.
Trend Analysis
ifanwar
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