EUR/GBP: bulls are resuming the trend
Read the article on FBS website
Recommendation:
BUY 0.8990
SL 0.8935
TP1 0.9075 TP2 0.9200
On the daily chart, EUR/GBP is forming the “Dragon” pattern. The first condition of its realization is the return of the pair inside the previous short-term uptrend channel. A successful test of resistance at 0.8980 will be the signal.
On H1, EUR/GBP formed a widening wedge pattern. Return of the pair to support at 0.8800 with the following successful test is a signal for selling. On the other hand, successful test of resistance at 0.8990 will open way to the north for bulls.
