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swissmoneymakers

EURGBP - Potential Breakout and Trend REVERSAL

Long
Euro / British Pound (FX:EURGBP)  
swissmoneymakers  
FX:EURGBP   Euro / British Pound
Chart Patterns Trend Analysis trendreversal channelbreak
7
0
chartpattern trendanalysis trendreversal channelbreak
Hi Traders!
The market was moving since very long in a healthy downtrend.
Now it broke the upper trendline and the 50 EMA too.
The market is out of the channel.

If it is a trend reversal, we're looking forward to buy the swing until the resistance at 0.89700.
If not, then it'll continue its trend.


Thanks and good luck :)!
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