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EUR/GBP – Bullish symmetrical triangle breakout, Eyes post Brexi

FX:EURGBP   Euro Fx/British Pound
  • Bullish symmetrical breakout on the daily chart suggests an erratic corrective move to 23.6% Fibo of 0.8343 has ended and the pair could head higher to post Brexit day high of 0.8627 levels.
  • A bullish move today would also push daily MACD back above zero level, which may further add to bullish tone around EUR.
  • On the lower side, only a day end closing below 23.6% Fibo would suggest bullish invalidation.
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