EURGBP: Top-Down Analysis & Bullish Outlook
EURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone.
Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication.
It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.
Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication.
It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.