justatrader

EURGBP Looking bullish

FX:EURGBP   Euro / British Pound
H4 charts show the inverted head and shoulders pattern reaching its target. In the process, EURGBP             also seems to have made a nice cup formation... Perhaps the declines that might occur could form the handle, potentially giving a bullish outlook to the Euro             , in relation to the Pound.

0.78797 will be key to determining the outcome. A break of this support could see the Euro             bears back in action.

On the sidelines for now.
H4 CHART suggests decline
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H4 Charts has a nice bearish candlestick pattern.
+1 Reply
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