EUR/GBP: bulls want more
Recommendation: BUY 0…
EUR/GBP: bears are drawing a wedge
Recommendation:
SELL 0.8885
SL 0.894
TP1 0.8825 TP2 0.8795 TP3 0.8745
On the daily chart, EUR/GBP keeps consolidating within “Spike and ledge” on the basis of 1-2-3. Bulls tried to break to its upper border near 0.9015 but were then pulled off to the starting positions. Currently, the pair is fighting for an important level of 38.2% of the bullish medium-term wave.
On H1, EUR/GBP bears got a chance to form the reversal pattern “Widening wedge”. If they use it, the risks of correction towards 50% and 61.8% of the last bullish wave and lower will increase.
Ivan Karamazov
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Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
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