VasilyTrader

EURGBP: Important Decision Ahead 🇪🇺🇬🇧

Short
OANDA:EURGBP   Euro / British Pound

What a peculiar situation on EURGBP:
the pair has recently retraced from a key weekly structure.

Being stuck within a rising wedge pattern, I see 2 potential scenarios:
If the price breaks and closes above an underlined yellow resistance,
I will expect a bullish continuation to 0.885.

If the price breaks a support of the wedge to the downside on a daily,
I will expect a bearish move to 0.85.

Wait for a breakout and only then open a trading position.

What do you expect?

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