Prophetic_Trader

EURGBP weekly view

Long
FX:EURGBP   Euro / British Pound
EUR/GBP stayed in consolidation from 0.86000 last week and outlook is unchanged.
Initial bias remains neutral this week first and further rise will remain in favor as long as 0.84500 support holds.
On the upside, break of 0.86000 will resume rise from 0.8201 medium term bottom to 0.8697 medium term fibonacci level.
However, break of 0.8365 will dampen this bullish view, and turn bias back to the downside instead.

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.