EUR_GBP STRUCUTRE ANALYSIS!

٤ نوفمبر ٢٠٢٠

EUR_GBP has reached a confluence of the rising channel support line,
falling smaller channel support and the horizontal key level.
Also, one might argue that the smaller falling channel is a bullish flag.
All that makes me overall bullish on the pair.

I would expect a pushback from the flag's resistance line downwards to retest the support, and then a breakout upwards.
The target of the breakout would be the next key horizontal level.
Thanks for reading!

Like and Subscribe to never miss a new post!