TipTVFinance

EUR/GBP – Awaits Symmetrical Triangle breakout

FX:EURGBP   Euro / British Pound
Following Tuesday’s drop, the EUR/GBP             pair finds itself trapped in a symmetrical triangle formation.

A period of congestion between 0.8300-0.8430 was followed by an upside break courtesy of EUR/USD             breaking above 1.11 handle. However, Cable’s rally on Tuesday ensured the upside break from congestion failed.

The odds of a bearish break high in case BOE cuts rates or stays pat. Unless the central bank does not come up with something more than a rate cut, Pound is likely to strengthen.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out