In my previous EurGbp analysis I said that 0.83 should be strong support for the pair and, after a very short dip under this level, EurGbp has reversed strongly, leaving a large Bullish Engulfing on our daily chart.
This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target.
Dips under 0.84 should be bought and only EurGbp under yesterday's low would negate this scenario
This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target.
Dips under 0.84 should be bought and only EurGbp under yesterday's low would negate this scenario
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