EUR/GBP may finally leave its range
Read the article on FBS website
Trade ideas
BUY 0.8660; TP1 0.8710; TP2 0.8760; SL 0.8845
SELL 0.8580; TP 0.8540; SL 0.8595
EUR/GBP had an extremely volatile month. If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range. The fact that we finally got some big news about Brexit (a delay until October 31) can allow the pair to finally break out of this pattern.
Technical indicators suggest that a break to the upside seems more likely. Notice, however, that breakout trading is risky and requires thoughtful risk management. The negative pressure will return if the pair gets back below 0.8590.
