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EURGBP Long Position [Daily]

Long
Euro / British Pound (OANDA:EURGBP)  
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OANDA:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators EURGBP eurgbplong swingtrade support Parallel Channel Bulls Power Bullish Patterns
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trendanalysis chartpattern indicator eurgbp eurgbplong swingtrade support parallelchannel bullpower bullish
See a channel formed on daily chart on EURGBP 0.20% .
We have hit the bottom channel and we can see that there is a retest, If price can hold at bottom channel then we could see price move up.

We also see a convergence on RSI which could suggest price reversal.

This could be a risky trade as we would be trading against trend but you could wait till price gets to top of channel and trade that.

Thank you
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