Target: 0.7620
Risk: 0.7240
Technical Reasons:
The EURGBP pair showed some bearish correction after the rise that started from 0.6949 areas, and the price moves inside a bullish flag pattern that we are waiting to breach its resistance at 0.7375 to confirm completing this pattern, which will assist to push the price to achieve more positivity in the coming period.
The exponential moving averages 50 and 100 provide positive support to the price, thus, the bullish trend will be expected in general, being aware that breaking 0.7240 level will push the price for more bearish correction before resuming the waited bullish trend.
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Risk: 0.7240
Technical Reasons:
The EURGBP pair showed some bearish correction after the rise that started from 0.6949 areas, and the price moves inside a bullish flag pattern that we are waiting to breach its resistance at 0.7375 to confirm completing this pattern, which will assist to push the price to achieve more positivity in the coming period.
The exponential moving averages 50 and 100 provide positive support to the price, thus, the bullish trend will be expected in general, being aware that breaking 0.7240 level will push the price for more bearish correction before resuming the waited bullish trend.
www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
plus.google.com/1054...15961677289743/posts
FXHighway mobile App: play.google.com...re/apps/details?id=com.fxh...