I think this is a good currency pair for swing trading. In this pair, there is a potential M-formation formed in daily time frame. The price has reached the support area and started to reject slightly. We foresee the price will be pushed to the upside and complete the whole M-formation rule.
From the COT perspective, Hedge Fund have a strong interest to buy EUR and sell GBP at the moment. In this situation, EURGBP may become bullish in this market in the coming week.
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.
From the COT perspective, Hedge Fund have a strong interest to buy EUR and sell GBP at the moment. In this situation, EURGBP may become bullish in this market in the coming week.
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.