EUR/GBP: will buyers get higher?
Read the article on FBS website
Recommendation:
BUY 0.9030
SL 0.8975
TP1 0.9115 TP2 0.9735
On H1, buyers brought EUR/GBP to the upper border of the long-term uptrend channel 0.8700-0.9020 the second time in the past few days. It was formed in line with the “Spike and ledge” pattern. A break of the upper border of the ledge will increase the possibility of further advance and triggering of AB=CD with target at 161.8%.
On H1, if EUR/GBP renews August high, it will trigger AB=CD pattern with targets at 127.2% and 161.8% at 0.9070 and 0.9115.
