EURGBP – Clear bullish condition
The EURGBP is trading in a very clear bullish market condition. This is the type of market conditions that I like to trade: clear support & resistance levels plus clear rejection from those levels. It is clear that the EURGBP got rejected from the main support level around 0.8334:
The market is likely to continue its way up until it reaches 0.8588 (the next LT resistance level). Only long opportunities are in play.
Tags: EURGBP analysis
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