Symbol - EURGBP
EURGBP continues to renew its local highs as part of an ongoing rally triggered by a breakout above consolidation resistance within a broader bullish trend.
The pair remains in a upward structure, with consolidation taking shape in the form of a bullish continuation pattern, reflecting sustained buyer dominance. Following the breakout from the ascending triangle, EURGBP extended higher toward 0.8818, where a double top formation is emerging - indicating a potential short-term correction before the next upward move.
Resistance levels: 0.8786, 0.8818
Support levels: 0.8752, 0.8721
A corrective pullback may lead the price back toward the breakout zone, allowing for liquidity accumulation and a rebalancing of market structure in favor of buyers. This, in turn, could set the stage for a renewed continuation of the bullish trend.
EURGBP continues to renew its local highs as part of an ongoing rally triggered by a breakout above consolidation resistance within a broader bullish trend.
The pair remains in a upward structure, with consolidation taking shape in the form of a bullish continuation pattern, reflecting sustained buyer dominance. Following the breakout from the ascending triangle, EURGBP extended higher toward 0.8818, where a double top formation is emerging - indicating a potential short-term correction before the next upward move.
Resistance levels: 0.8786, 0.8818
Support levels: 0.8752, 0.8721
A corrective pullback may lead the price back toward the breakout zone, allowing for liquidity accumulation and a rebalancing of market structure in favor of buyers. This, in turn, could set the stage for a renewed continuation of the bullish trend.
Trade closed: target reached
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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.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
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.