For my bigger picture see chart below:
The EURGBP is in a weekly consolidation and I think we will test the upper channel line next. The test will be crucial since there are some ambiguous signs in terms of whether the correction is already over.
The 4 hour time frame however is where we might see a trade opportunity short term. I like this consolidation to end soon for a bullish break and buy opportunity. Ideal target for the long is a test of 0.80.
www.timstuyts.com
facebook/timstuyts/
The EURGBP is in a weekly consolidation and I think we will test the upper channel line next. The test will be crucial since there are some ambiguous signs in terms of whether the correction is already over.
The 4 hour time frame however is where we might see a trade opportunity short term. I like this consolidation to end soon for a bullish break and buy opportunity. Ideal target for the long is a test of 0.80.
www.timstuyts.com
facebook/timstuyts/
