EUR/GBP: euro and pound are pulling the rope
Read the article on FBS website
Recommendations:
BUY 0.8905 SL 0.8850 TP1 0.8975 TP2 0.9015
SELL 0.8855 SL 0.8910 TP1 0.8785 TP2 0.8695
On the daily chart, EUR/GBP keeps long-term consolidation in the 0.8695-0.9015 range. Until the pair gets out from the narrow range, traders should focus on strategies with small targets.
On H1, to continue the rally EUR/GBP bulls should conquer resistance at 0.8905 and return the pair inside the uptrend channel. On the other hand, a decline of the euro below support at 0.8855 will increase the risk of the pair going to 88.6% target of the “Shark” pattern.
