EUR/GBP: euro is going north

EUR/GBP: euro is going north


BUY 0.887 SL 0.8815 TP1 0.893 TP2 0.897 TP3 0.918

On the daily chart, EUR/GBP retested the upper border of the short-term consolidation range of 0.8695-0.8835. This allowed buyers to form long positions. To continue the rally towards 161.8% target of a “Crab”, bulls need to renew June high.


On H1, EUR/GBP is forming a “Spike and ledge” pattern. If bulls manage to overcome resistance at 0.8870, the odds of continuation towards at least 161.8% of the “Crab” pattern will increase.



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