capitalpropertiesfx

EURGBP trying to break higher

FX:EURGBP   Euro / British Pound
80 0 0
It seems we might have a triangle on H1 and right now price is trying to break out from there. On H1 price action looks bullish and in bigger picture we have good potential to see further upside (see related EURGBP             chart).

Furthermore, if EURGBP             really plans to go higher then EURUSD             most likely will also move higher, which means that the H&S chart from yesterday might play out after all. But on the other hand, EURGBP             move to the upside may come only due to further weakness in Pound.

Time will tell.

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