EurGbp strong reversal after BoE

17 дек. 2021 г.

Yesterday BoE has risen interest rates, this fact only affected EurGbp for the moment, with the pair dropping to 0.8450 zone but strongly reversing after and closing the day above 0.85 figure and leaving the chart with a very nice long-tailed Pin Bar.
This is a clear indication for me that the market already priced in this rase and the road for EurGbp is in fact up.
My target for buy trades is 0.8650 resistance and only a new low under yesterday's one would change my opinion