Get started
Investroy

EUR/GBP: ready to enter another bullish wave?

Long
Euro / British Pound (OANDA:EURGBP)  
Investroy  
OANDA:EURGBP   Euro / British Pound
Support and Resistance Multiple Time Frame Analysis Fibonacci EURGBP priceaction Technical Analysis Forex forextrading investroy
12
18
supportandresistance mtfa fibonacci eurgbp priceaction technicalanalysis forex forextrading investroy
As it can be observed from the Daily-timeframe chart, the price has nicely broken and re-tested the 0.879 - 0.88 area of previous resistance now turned into support.

Zooming into the H8-timeframe graph, we can see that a massive wick candle has been printed to re-touch the same key level and grab some liquidity laying below it.

From here, we are expecting for the price to keep pushing to the upside and reach the zone of resistance highlighted on the graphic.
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.