EURGBP Potential Pullback with Pending News at 0.856 Area
Hi there,
EURGBP is touching a supply area in the 0.856 area range sustained by the 0.85641 high. Therefore, the current bullish candle isn't clear, and the price might drop due to pending news.
Expecting a drop nearing the 0.85200–0.85121 for a pullback targeting the 0.86200 for a bias of 0.86708.
If the price breaks below 0.84940, then the setup will be invalid; monitoring is required.
Happy Trading,
K.
EURGBP is touching a supply area in the 0.856 area range sustained by the 0.85641 high. Therefore, the current bullish candle isn't clear, and the price might drop due to pending news.
Expecting a drop nearing the 0.85200–0.85121 for a pullback targeting the 0.86200 for a bias of 0.86708.
If the price breaks below 0.84940, then the setup will be invalid; monitoring is required.
Happy Trading,
K.
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