fxsignals4pips
Long

EURGBP breaks out of channel, more potential upside

FX:EURGBP   Euro Fx/British Pound
I’ve had a nice run trading the range here. My last trade stopped out just before the market close marks the break out move. Instead of comparing the Euro             against the Dollar, I’m doing it against the Sterling and it looks like I won’t be giving this currency a bearish sentiment much longer. I would not go full bullish on the Euro             , but rather reduce my bearish sentiment.

This is another I want to show completing the breakout pattern. This breakout is significant based on the size of that bullish candle as we headed off into the market close. Furthermore, price has several opportunities to break new lows, but was unable to do so. I might expect a temporary pull back as buyers cover their positions closer to the market open, but I would hold off on any selling at the moment.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out