EUR/GBP - DESCENDING WEDGE + INVERSE H&S | STILL HOLDING SUPPORT
- After price reached historically proven strong support, printed bullish RSI divergence, and broken out an ascending wedge, price has managed to hold even after dropping below support
- Both the daily and weekly candles closing above the support after wicking below is an indication of a demand zone
- Possibility of an inverse head and shoulders pattern is forming as we build the right shoulder
- I believe this week will be bullish for EUR/GBP, as well as the dollar, and expect the short and mid term outlook as bullish and expect us to reverse from here
