Euro / British Pound
Long

EurGbp could rise back to resistance

297
After Friday's break under the recent low, EurGbp reversed yesterday leaving a strong bullish engulfing on our daily chart exactly in 0.8550 zone support.
This bullish engulfing could be an indication that more gains are coming and the target for bulls could be 0.8720 resistance.
In the case of a new low, this outlook is negated.

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.