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JayanVarsani

EUR/GBP - CONFIRMED BULLISH RSI DIVERGENCE | DEMAND ZONE REACHED

Long
Euro / British Pound (FX:EURGBP)  
JayanVarsani  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators Forex fx Currencies GBPUSD EURUSD EURGBP USD DXY USDJPY
4
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trendanalysis chartpattern indicator forex fx currencies gbpusd eurusd eurgbp usd dxy usdjpy
  • See my previous idea linked below on my mid and long term thoughts on EUR/GBP as I concluded that we are in an extremely high demand zone area with very strong support
  • Given that outlook and forecast, we now have an entry point with the 2H RSI printing bullish RSI divergence as well as the 4H also
  • First target will be the 61.8% fibonacci which is expected to be reached after an initial rejection to the next overhead resistance
  • Very low risk/reward ratio at this current price so a long entry is therefore advised

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