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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.

Trade Safe!

Raul Lopez
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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.