The
incredible bullish EUR/GBP trend continued today, after the pair finally broke
above the resistance at 0.7900, which coincided with the (MA)89 on the monthly
time frame and then formed a new high at 0.7924. Considering all this, I think
the rally will continue in the following days as the pair climbs towards the resistance
0.7980. Also, the more long-term target is the resistance at 0.8100, but I
think it’s very likely to see some retracing, or even a correction before the
pair manages to reach that level.
That was great analysis, thank you.
ReplyDeleteInformative read.
ReplyDelete