GBP HAS SHOWN EXTENDED WEAKNESS THIS WEEK. WHICH HAS CREATED MANY LONG TERM TRADING OPPORTUNITY FAVOURING SHORT GBP ACROSS MANY COUNTERPARTS. ONE OF SUCH IS EUR-GBP BUY OPPORTUNITY. WHICH HAS WHICH HAS GOT STRONG DAILY SUPPORT AT 0.8860 AND GOT SHARP BOUNCE FROM THERE. IF PAIR MANAGES TO CLEAR 0.9175 WITH CURRENT SWING WITHOUT ANY RETRACEMENT, WE MAY PREDICT THAT IT MAY CONTINUE IT'S RALLY UP TO 0.9405 WHERE BEARISH BAT FORMATION TAKE PLACE ON DAILY CHART. SO WE CAN SAY THAT CURRENTLY PAIR IS FORMING LAST LEG OF BEARISH BAT FORMATION ON DAILY CHART (C TO D LEG).
SO AGGRESSIVE TRADERS CAN LOOK FOR SIGNAL TO GET LONG ENTRY TOWARDS 0.9400 EVEN HANDLE. WITH THE STOP LOSS BEING BELOW 0.8670