End of the Bullish Movement on EUR/GBP? by ThinkingAntsOk
-Daily Chart Explanation:
We observe that the last green candlestick closed very bullish towards the Resistance Zone. However, it did not make any new high, so, we are waiting for a Daily candle to close below 0.92000 to consider short opportunities. In case it happens, then the first target is the Confluence Zone between the Ascending Channel and the Support Zone. And, if this zone is broke, then the next target is the Support Zone at 0.86500-0.86600.
-Weekly Chart:
We observe that the last green candlestick closed very bullish towards the Resistance Zone. However, it did not make any new high, so, we are waiting for a Daily candle to close below 0.92000 to consider short opportunities. In case it happens, then the first target is the Confluence Zone between the Ascending Channel and the Support Zone. And, if this zone is broke, then the next target is the Support Zone at 0.86500-0.86600.
-Weekly Chart: