If you are tracking the EURGBP, perhaps you will find my perspective on the pair helpful.
The pair has continued its upward move. On the weekly time frame, the pair has completed two strong price waves to the upside and a third is in progress. A piercing bullish candle formed last week seems to be an attempt by the bulls to push further upwards after a retracement two weeks ago and may target the gap created four weeks ago during the crash of the Sterling pound or at least the long tail doji created three weeks ago. The technicals on the daily time frame are in alignment with the weekly bullish disposition of the pair. For details on this pair and a few more, check weekly technical outlook.
I may be wrong. Trade safe.
KP
The pair has continued its upward move. On the weekly time frame, the pair has completed two strong price waves to the upside and a third is in progress. A piercing bullish candle formed last week seems to be an attempt by the bulls to push further upwards after a retracement two weeks ago and may target the gap created four weeks ago during the crash of the Sterling pound or at least the long tail doji created three weeks ago. The technicals on the daily time frame are in alignment with the weekly bullish disposition of the pair. For details on this pair and a few more, check weekly technical outlook.
I may be wrong. Trade safe.
KP
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