VasilyTrader

EURGBP: Catching Bullish Swing

Panjang
OANDA:EURGBP   Euro / Paun British

EURGBP has broken and closed above a resistance line of a major falling channel on a daily.

The area between the last lower high and a broken channel's resistance now serves as the major demand zone.
Yesterday the price has retested that and we saw a positive bullish reaction.

From that area, a strong bullish wave will be expected.

The next goal for buyers is 0.9128


For intraday traders, the best option is to look for an entry on a lower time frame (4h/1h)

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Penafian

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