Check USD/TRY
USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/GBP: bulls are lifting their heads
Recommendation:
BUY 0.9215
SL 0.916
TP 0.929 TP2 0.9355 TP3 0.942
On the daily chart, EUR/GBP keeps forming “Spike and reversal with acceleration”. Until the price falls below both trendlines, bulls will retain control of the situation. Their further movement up will increase the possibility of an advance towards 127,2%, 161.8%, 200% and 224% targets of AB=CD.
On H1, a break above resistance at 0.9213 and the following triggering of the “Widening wedge” and the “Shark” patterns will increase the possibility of an advance to 0.9285-0.9290.
Ivan Karamazov
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