EURGBP is Bullish

3 thg 10

A strong downtrend seems to be exhausted as bullish divergence emerged on both daily and four hourly time frames. The bulls seem to be in control on the four hourly time frame as previous lower high is successfully broken and a higher high is printed instead. If the bullish momentum continues we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.