EURGBP: Your Trading Plan Explained 🇪🇺🇬🇧

3 Sep

EURGBP is currently stuck on a key daily horizontal support.

The price is consolidating within a horizontal range on a 4H time frame.
With a release of US PMI, we see a positive bullish reaction and a test
of the resistance of the range.

Its bullish breakout and a 4H candle close above will provide a strong bullish signal.
A confirmed violation will open a potential for a further bullish continuation.

Next goal will be - 0.845

Alternatively, a bearish breakout of the support of the range may trigger a bearish movement lower.

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