EUR/GBP: the euro is stronger
Read the article on FBS website
Recommendation:
BUY 0.8885
SL 0.883
TP1 0.8965 TP2 0.902 TP3 0.9055
On the daily chart of EUR/GBP, bears couldn’t pull the pair below the bottom line of the long-term channel of 0.87-0.902, it signals their weakness. Up to now, bulls are trying to implement the “Wolfe waves” pattern.
On H1, the pair has been reaching targets of “Bat” and “Wolfe waves” patterns. To pull the pair to the 88.6% target of the “Bat” pattern and higher, bulls need to break the resistance at 0.8885.
