EUR/GBP has been trading in a tight range since the beginning of 2016. Currently, EUR/GBP is trading at the bottom of the range with Weekly Bullish Divergence . Expecting a bounce back to the top of the range at 0.898 - 0.909.
Kommentera:
EURO futures tagging monthly support level at 1.0455. When price reverses, this will add more fuel to the pump.
Kommentera:
Weekly Bullish Engulfing Candle in the making in addition to a trendline break. Pound impulsing to the downside fueling the rally