EUR/GBP in strong support level, possibility of a reversal
EUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.