EURGBP is close to a strong supportive trendline (forming on a daily uptrend), as well as a key level now acting as minor support. This presents a good opportunity for bullish upside. A stop loss can be placed a few pips below the supportive trendline and a target at the previous swing high.
Bulls must be conservative in their entry and use proper risk management due to the volatility surrounding the EUR and GBP respectively.
Be sure to follow me for more ideas and analyses. Feel free to leave a comment with your thoughts below.
Best of luck traders!
Bulls must be conservative in their entry and use proper risk management due to the volatility surrounding the EUR and GBP respectively.
Be sure to follow me for more ideas and analyses. Feel free to leave a comment with your thoughts below.
Best of luck traders!