The EURGBP has enjoyed a 360 pip rally over the past 11 trading days. During that time the Euro cross has only suffered one down day, which is quite impressive on its own. On Friday, buyers made another statement with a close above the 0.8720 handle. This level is the August 2016 swing high and was also the closing price that led to the January 16th gap...
AB=CD 0.618FIBO liber pattern TP1=0.834 TP2=0.81 SL=0.873
There should be more upside for this pair after a retrace next week! Hope this helped...have a nice weekend
Short on EURGBP with a small TP and SL once MA is broken