EURGBP Quick Swing
EURGBP has been in a prolonged downtrend but recently saw an upward move after reaching a significant support level around 83.300. While it's uncertain if this signals a full trend reversal, I anticipate continued buying pressure from this point and aim to do a quick 25pips trade on it.
Prices may retrace to a lower key Fibonacci level, but given my bullish bias on EURGBP and the presence of buying pressure, I expect the price to rise further, especially following its retracement to the 0.382 support level.
Let's see how this pans out.
Prices may retrace to a lower key Fibonacci level, but given my bullish bias on EURGBP and the presence of buying pressure, I expect the price to rise further, especially following its retracement to the 0.382 support level.
Let's see how this pans out.
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