EUR/GBP in the lead up to GDP data
The EUR/GBP pair seems to be making another run towards the upper resistance of the descending channel.
It has already visited this upper channel boundary 4 times since June 15, 2022. Perhaps it will visit 0.8503, in confluence with the 50-day moving average before continuing its way south. Although the Supertrend Indicator may suggest that the pair doesn’t have the sentiment to get close to the upper boundary.
It has already visited this upper channel boundary 4 times since June 15, 2022. Perhaps it will visit 0.8503, in confluence with the 50-day moving average before continuing its way south. Although the Supertrend Indicator may suggest that the pair doesn’t have the sentiment to get close to the upper boundary.
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