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Elemont

EURGBP FORECAST

Long
Euro / British Pound (FX:EURGBP)  
Elemont  
FX:EURGBP   Euro / British Pound
EURGBP 1h 4h Daily Charts Pennant FLAG setup forecast breakout reversal
2
0
eurgbp 1h 4h daily pennant flag setup forecast breakout reversal
EURGBP has broken out long of yet another pennant after breaking above the local flag pattern.
We expect price to continue towards the next resistance level as RSI is also showing a nice uptrend.
Traders may wish to exit the trade upon a bearish break of trendline or MACD/RSI reversal.

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