EURGBP: A Trade You Don't Want To Miss - 2

vorgesternEURGBP: A Trade You Don't Want To Miss - 2

This is an analysis I posted before and nothing has changed so far. Price reached our first target and is back in the same old area again.

EURGBP is testing an old weekly support zone that proved to be strong several times.

Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area.

We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone.

The price tested this area in 2016, 2017, 2020 and 2022.
After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

vorgestern

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