EURGBP Trade Sitting in a very interesting place.
Long term this pair has been bearish moving down since the start of the year.
along with pull backs and consolidations we have done very well.
Currently we are seeing some good resistance. I still see this pair dropping slightly, but if we manage to break the high at 0.87301 in to next week we could turn bullish.
Looking for Friday's retrace for my next entry on this pair.
We failed to take out the current high which is my top blue line, this will be my target for next week.
With that if we break my lower zone the trade is invalid and we could then continue bearish.
keep a close eye and remember key entry and price action will be needed to keep SL very small.
Let me know how you get on.
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