EURGBP-D1-Potential bullish shark at key area

The EUR is still weak and not ready for a rally against other pairs. We could expect a slow further decline, if this happens this pair could give us a good setup for a long entry at a key level.

At W1 chart we have:
- potential inverse head and shoulders pattern
- first convergence (higher high) confirmed by oscillator
- strond psycho number 0.7000

Here on D1 chart:

- Previous ending diagonal suggest this pair already bottomed
- Perfect bullish shark
- EW wave B (see below)

I will place buy limit orders near 0.7000.
SL and targets shown on chart.

Best regards.

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Comment:

First target hit, moving sl to be

Comment:

second target hit