EUR/GBP - symmetrical triangle on hourly, Cypher on daily
Hourly chart pattern - Symmetrical triangle
Triangle resistance - 0.7970-0.7960
Triangle support - 0.7915-0.7925
Daily chart pattern - Cypher
Potential Reversal Zone (PRZ) - 0.80 level
We had a bullish break from symmetrical triangle in last few sessions and the pair once again finds itself trapped in symmetrical triangle on hourly. However, this time the triangle resistance is just a few pips away from the potential reversal zone.
Moreover, Euro is likely to feel the heat of Brexit as well; an opinion shared by many forex traders/experts.
Triangle resistance - 0.7970-0.7960
Triangle support - 0.7915-0.7925
Daily chart pattern - Cypher
Potential Reversal Zone (PRZ) - 0.80 level
We had a bullish break from symmetrical triangle in last few sessions and the pair once again finds itself trapped in symmetrical triangle on hourly. However, this time the triangle resistance is just a few pips away from the potential reversal zone.
Moreover, Euro is likely to feel the heat of Brexit as well; an opinion shared by many forex traders/experts.
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