Euro / Libra Esterlina
Viés de alta

EURGBP Stuck On Key Weekly Structure!

701
snapshot

hey guys,

for the entire month of April EURGBP is trading in sideways.
the pair is stuck in a wide 0.868 - 0.883 trading range.

the support of the range is based on a key weekly level.
the resistance of the range is based on a daily structure.

if you are a swing trader, the best option is to wait for a daily violation of the range:

in case of its bullish breakout, the price will keep growing and the next strong structure will be 0.09 level (daily and weekly match).
in case of a bearish breakout, we will expect a bearish continuation to 0.857 - daily structure and 0.850 - weekly structure.

good luck!

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