Trade Alert
EURGBP continues to slowly grind higher above it short-term upside support line, taken from the low of the 10th of October. For now, its seems that this could be the line to watch, because as long as it remains intact, we will target the upside.
That said, the upside in the near term could be limited, due to the downside resistance line, drawn from the peak of the 28th of August. This is where the rate could stall for a bit, until we see which of the lines does the pair wants to break.
Always have your SL in place.
EURGBP continues to slowly grind higher above it short-term upside support line, taken from the low of the 10th of October. For now, its seems that this could be the line to watch, because as long as it remains intact, we will target the upside.
That said, the upside in the near term could be limited, due to the downside resistance line, drawn from the peak of the 28th of August. This is where the rate could stall for a bit, until we see which of the lines does the pair wants to break.
Always have your SL in place.