KlejdiCuni

EURGBP ready to reverse the trend

Long
OANDA:EURGBP   Euro / British Pound
EURGBP ready to reverse the trend

EURGBP just completed an inverse head and shoulders pattern.

After the BOE decided to keep rates unchanged again for the seventh time, the GBP began to weaken.

On the other hand, CPI data is cooling showing signs of improvement.

Technical analysis:
If the price manages to rise above the pattern, it will increase the chances of continuing the upward movement.

You may find more details in the chart!
Thank you and Good Luck!

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