On a bigger time-frame we can observe a clear uptrend. This pair is highly dependent on the Brexit deal outcome. During uncertainty it may lag but overall will tend to follow technical trend. As GBPUSD already bounced off and EURUSD still has more room for up-move, the pair moves inside the corrective pattern. I expect the pair to break up the pattern, however one or more downward moves are possible. At least expect the pair to move up to continue the pattern formation. Everything is pretty readable and simple on the chart I'm sharing. Please like and comment if you have any question or suggestion. I will be happy to read your opinions as well.
Suggestion: BUY while correcting and preparing for moving UP. (Buy on dips) Choose perfect price to buy for you on lower time-frames.
Suggestion: BUY while correcting and preparing for moving UP. (Buy on dips) Choose perfect price to buy for you on lower time-frames.
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