Ironclad_Investments

EURGBP Analysis

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FX:EURGBP   Euro / Libra Esterlina
For the past 3 weeks EURGBP has been trapped consolidating in a relatively tight range. Most recently, price has bounced from the support of this range around 0.87000 and is heading towards the resistance of the structure. Next week we will be looking if price can break through the resistance or if it will reject this area once again and head to test support again. If price does break through we could expect some bullish pressure and will be waiting to see if there are any pullbacks to go long.
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