EUR/GBP: ready to enter another bullish wave?
As it can be observed from the Daily-timeframe chart, the price has nicely broken and re-tested the 0.879 - 0.88 area of previous resistance now turned into support.
Zooming into the H8-timeframe graph, we can see that a massive wick candle has been printed to re-touch the same key level and grab some liquidity laying below it.
From here, we are expecting for the price to keep pushing to the upside and reach the zone of resistance highlighted on the graphic.
Zooming into the H8-timeframe graph, we can see that a massive wick candle has been printed to re-touch the same key level and grab some liquidity laying below it.
From here, we are expecting for the price to keep pushing to the upside and reach the zone of resistance highlighted on the graphic.