Euro / British Pound
Long
Updated

DeGRAM | EURGBP retest of the support level

530
EURGBP is in an ascending channel between the trend lines.

The price is moving from the lower boundary of the channel as well as the support level, which coincides with the 88.6% retracement level.

The chart is forming an ascending structure.

On the 1H Timeframe, the indicators indicate a bullish convergence formation.

We expect growth in the channel after consolidation above the support.

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Trade closed: target reached
DONE! +68 PIPS

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