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EUR/GBP Trading In The Green

Price increased and is almost to reach the third warning line (WL3) of the descending pitchfork. It seems like we had a false breakdown below the 100% Fibonacci level, but only a valid breakout above the WL3 will confirm a further increase towards the median line (ML) of the ascending pitchfork. Price is somehow expected to climb much higher after the failure to reach the median line (ML) of the descending pitchfork.

MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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