EURGBP: Buy Opportunity

The price reached the support level and bounced from it. The market formed a double bottom trend reversal pattern. When the price broke this pattern, we got confirmation of the further upward movement. Our best entry level could be above 0.85080. If you missed this trading opportunity, the next buy opportunity will be based on a breakout above the local resistance.

Entry Price: above 0.85330
Stop Level: below 0.84975
Profit Level: at 0.0.85935

Risk per trade must be no more than 1% of your capital. If the price drops below the stop level, we will have to search for a new trading opportunity.