Trade idea
Just a slightly different view of the traditional EURGBP.
GBPEUR had formed a higher low. Let's see if it can form a higher high. That said, the pair is still quite far from reaching the potential breakout level for the upside. We need to see a clear push above the 1.1270 barrier, before examining higher areas. For now, continue observing the price action, but keep this pair on your radar, as it may result in a good opportunity.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Just a slightly different view of the traditional EURGBP.
GBPEUR had formed a higher low. Let's see if it can form a higher high. That said, the pair is still quite far from reaching the potential breakout level for the upside. We need to see a clear push above the 1.1270 barrier, before examining higher areas. For now, continue observing the price action, but keep this pair on your radar, as it may result in a good opportunity.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.