Quick idea.
EURGBP continues to slowly grind higher above its short-term upside support line. That said, in order to get comfortable with further upside, we need a strong push above the 0.8592 barrier first. This way, the pair would confirm a forthcoming higher high and more buyers could be joining in.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
EURGBP continues to slowly grind higher above its short-term upside support line. That said, in order to get comfortable with further upside, we need a strong push above the 0.8592 barrier first. This way, the pair would confirm a forthcoming higher high and more buyers could be joining in.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
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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.