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JayanVarsani

EUR/GBP - ONE FINAL PUSH TO THE 61.8? | ASCENDING CHANNEL

Long
Euro / British Pound (FX:EURGBP)  
JayanVarsani Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Parallel Channel EURUSD EURGBP GBPUSD Forex Fibonacci Retracement retracement Ascending Channel
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trendanalysis chartpattern parallelchannel eurusd eurgbp gbpusd forex fibonacciretracement retracement ascendingchannel
Perhaps one more final push to lead EUR/GBP towards the 61.8 fibonacci retracement level?


  • Price in a bullish setup with consistent resistance-support inversions
  • Ascending channel with several confirmations
  • 61.8 Fibonacci retracement within close reach indicating final momentum surge


VERDICT: EUR/GBP in an established upward trend. Ascending channel and a close 61.8 fibonacci level suggests a final push to this level.
Comment:
Daily close above resistance suggests opening a long position at the soonest available circumstance
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