Onki
Long

EURGBP Breakout (Long)

FX:EURGBP   Euro Fx/British Pound
7 0 1
As the clock ticks down to conclusion of talks on Greece, EURGBP             may give us a nice trading opportunity. Pair bounced from long term support of 0.70 level and bounced second time after making a double bottom. Strength of second bounce is apparent with strong bull candles on the daily chart . Price was rejected and created a resistance level around 0.7200 - 0.7220 zone. If market breaks out this with momentum , I am looking to exploit this opportunity to get long. There are some speed bumps on the way but first major resistance is at 0.7380.
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