EURGBP – In a well defined range
Its been a while since the last time I wrote about the EURGBP, but since April the EURGBP had been trading not in a clear and smooth way, it has had a few wild swings making it almost impossible to determine its market condition.
But apparently the market has changed, it looks like the EURGBP is trading now consistently between support and resistance level:
Just broke the short term resistance level triggering a bullish market condition. I will only look for long opportunities until the EURGBP reaches the next LT resistance level around 0.8358
All short opportunities will be ignored.