traderpulse

EUR/GBP Analysis

Long
FX:EURGBP   Euro / British Pound
The longlasted descending channel is finally broken in EUR/GBP pair.
The price has taken support at 200-SMA and making a strong bullish move.
The pair is breaking out with a three white soldier formation too.
Also the mini bull rally can be contemplated into an ascending channel formation.
The pair has many checkboxes ticked for a bullish move and so we expect a strong bullish move in the counter.

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.