EUR/GBP: bulls count on a wedge
Read the article on FBS website
Recommendations:
BUY 0.922 SL 0.9165 TP 0.932
BUY 0.9235 SL 0.918 TP 0.9335
On the daily chart, EUR/GBP is in sustainable uptrend within “Spike and reversal with acceleration”. As long as the pair doesn’t fall to 0.9068, bulls will retain total control of the pair.
On H1, EUR/GBP is forming a “widening wedge” pattern. Return of the pair to point 3 will end the process and allow to form longs. More aggressive traders can use the break of the upper border of the trend channel as a signal for opening long positions.
