EURGBP
EURGBP Outlook
This pair has claimed retail trader accounts since mid-2019. Traders thinking they have found the top but with Brexit talks very much a hot topic.
Price has found a bullish channel after breaking yearly highs and recently broken the midline. Previous high acting as support with S1 pivot right on top. Will wait on this level for confirmation or a retest of the highs or even a break back to test 0.91.
- To be a bear on this pair ideally we want a break of S1 with targets of S2 following a breakout of support.
- To be a bull in this situation we wait for a test of S1 for a possible entry to retest the highs.
On this pair, I feel that there is a high level of political impact with Brexit deals being made.
Cautious approach.
Comment:
Short TP1 & 2 hit.