EURGBP – starting to look bullish 30 Apr, 2021After forming a low at 0.8470, this pair turned around, made an equal high, fell back down but now is now making another attempt to break above 0.8720. As the daily chart above shows, it is consolidating at the moment. A daily close above this level will be an indication that price may move higher.
s3.tradingview.com
The H1 view above shows a kind of squeeze happening. This may take another 2-3 days, but in my opinion a breakout above 0.8720 is likely. In that case there will be a good trading opportunity with a relatively tight stop on offer.
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As always, please use sound money and risk management in all your trades.
