EURGBP has formed a double bottom prior to the German Wholesale Price Index, which shows value of sales made by wholesalers in Germany. Technically the pair has found support at the previous lows, indicative of a double bottom pattern and the PPO has given a bullish cross, which is a bullish signal. We anticipate a move into the 0.8660 level.
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.
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.