Chris4XTrading

EURGBP (long-term) | Price rotation

Long
FX:EURGBP   Euro / British Pound
Historically speaking, EURUSD should move upwards to the 0.93000 region (or 100% weekly fib line).

Thereafter, Bulls will most likely run out of momentum and have to back off for a while, letting the bears pull the price back down towards the 0.88000-0.89000 region.

After the Bulls' rest, price will continue to move upwards along the natural trend of the currency pair.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.