EURGBP has ranged for the past 16 months, at times mindlessly and aimlessly. This has made many traders, especially trend traders lose interest in the pair. However, over the past month, price has shown some bullish intent and pushed towards multi year high at 0.8719.
I personally believe this level would hold and send prices lower, however I am keeping an open mind in the case of a breakout. If that happens price could rally up to 0.8900 (2020 lows)
The H4 has shown a bearish Stochastic divergence and if this kicks in, I will short for a few hundred pips
I personally believe this level would hold and send prices lower, however I am keeping an open mind in the case of a breakout. If that happens price could rally up to 0.8900 (2020 lows)
The H4 has shown a bearish Stochastic divergence and if this kicks in, I will short for a few hundred pips