On February 28th, the EURGBP currency pair exhibited a medium-term uptrend, resulting in a rise of approximately 140 pips. Subsequently, the market underwent a downward correction within a defined range, leading to an 80-pip decline. Recently, there was a breakout from the downward channel driven by a harmonic reversal pattern, which provided confirmation of the...
Looking at the EURGBP pair, we can see that there is some hidden/inverted divergence showing on the AO indicator. This normally means that we should see another move higher before eventually breaking lower.
