Contributors Technical Analysis Daily Technical Analysis: EURGBP Breaking Out Above Weekly H4

Daily Technical Analysis: EURGBP Breaking Out Above Weekly H4

The EUR/GBP is soaring. Upper trend line has been broken and consequently the price is above clear POC 0.9170-85 (W H4, upper trend line, D H4). Subsequent retests of the zone could provide the BPC pattern (breakout-pullback-continuation) towards 0.9230. Some short term shorts might come in play around 0.9215-0.9230, but generally the pair is bullish and buying into dips around the POC zone could be the strategy for today.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version