EURGBP confirms a breakout from falling channel pattern
The EURGBP pair takes a breakout from the falling channel pattern that was forming since nearly past one month. The price hit the lower trend line of the pattern thrice while the upper trend line was tested multiple times. Recently, the bulls intensified and breached the upper trend line, thus indicating for a strong bullish move. The tradrs can set the first target at 0.9162 and the second target at 0.9188.
Stop Loss- 0.8983 (middle area of the channel)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.