Hello Traders!,
As most of us can see, the EUR has gained a lot of strength this week against other currencies, although, against the GBP it seems that is not exactly the case. Although, the bullish spike on EURGBP is inevitable.
What Is The Market Telling Us?
As most of us can see, the EUR has gained a lot of strength this week against other currencies, although, against the GBP it seems that is not exactly the case. Although, the bullish spike on EURGBP is inevitable.
What Is The Market Telling Us?
- Price had a significant bearish impulse move towards the demand zone
- Bullish reaction upon touching demand zone, market is currently ranging in consolidation
- Will be waiting for a clear breakout pattern, preferably with a retest on 15M chart
- Since we are bullish, wait for a breakout to the upside before making any BUYS
Trade closed: target reached:
