Trade Alert
EURGBP managed to break the short-term upside support line and push higher, to clear the 0.8745 resistance level. If the pair struggles to break back below the 0.8745 zone, this could be a strong sign that EURGBP could travel a bit more to the upside, aiming for the 0.8800 hurdle.
Alternatively, if EURGBP moves back down below the aforementioned short-term downside resistance, only then we will get comfortable in examining lower levels.
Don't forget to place your SL.
EURGBP managed to break the short-term upside support line and push higher, to clear the 0.8745 resistance level. If the pair struggles to break back below the 0.8745 zone, this could be a strong sign that EURGBP could travel a bit more to the upside, aiming for the 0.8800 hurdle.
Alternatively, if EURGBP moves back down below the aforementioned short-term downside resistance, only then we will get comfortable in examining lower levels.
Don't forget to place your SL.