EURGBP: Buy After Breakout

EURGBP has been consolidating for two weeks.

On 4H we see a descending triangle formation and there is a high chance to see a bearish break below the horizontal support.

however, once bears break below they will face with a major zone of demand
and buying volumes will accumulate.

For these reasons, be focused on the area around 0.85 and look for a signal within this zone.

Target level will be 0.87