#EURGBP @ 0.88192 bulls lurking near a 61.8% ratio.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/GBP bulls lurking near a 61.8% ratio.
- Bulls eye a break of resistance with 0.8925 prior highs in focus.
EUR/GBP has been pressured on the backside of trendline resistance but supported by the next layer of trendline support and the horizontal support in the 0.8720s.
Nevertheless, as the following illustrates, we have a W-formation that would be expected to pull in the price to the neckline as follows:
However, so long as the bulls commit to trendline support, near a 61.8% ratio, then there will be prospects of a breakout of trendline resistance with eyes on 0.8925 prior highs.
[/s2If]
Join Our Telegram Group
