A #long trade opportunity recently presented itself on the #europound (#EURGBP) #trading chart 📈.
This is indicated by the #bullish engulfing candlestick 🕯️ pattern above the 0.86122 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.87400 psychological level and possibly testing the strength of the 0.87563 horizontal resistance level.
As always, please apply appropriate risk management.
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