EURGBP has broken and closed above a resistance line of a major falling channel on a daily.
The area between the last lower high and a broken channel's resistance now serves as the major demand zone.
Yesterday the price has retested that and we saw a positive bullish reaction.
From that area, a strong bullish wave will be expected.
The next goal for buyers is 0.9128
For intraday traders, the best option is to look for an entry on a lower time frame (4h/1h)
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
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.