EUR/GBP Forecast: Long then Short
Here is our analysis on EUR/GBP
Currently the pair is trading @ 0.85900
The pair has broken above resistance @ 0.85500 and might attempt to test next resistance @ 0.86500
Only if the pair manages to break above the current Descending channel.
If not pair might fall back to the resistance @ 0.85500
Bearish Harmonic formation on 1H chart signaling reversal
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Currently the pair is trading @ 0.85900
The pair has broken above resistance @ 0.85500 and might attempt to test next resistance @ 0.86500
Only if the pair manages to break above the current Descending channel.
If not pair might fall back to the resistance @ 0.85500
Bearish Harmonic formation on 1H chart signaling reversal
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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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.
Related publications
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.