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ForexAnalytix
Aug 25, 2021 9:54 PM

EURGBP may setup for another bullish move with a bull flag.  做多

Euro Fx/British PoundFXCM

描述

The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up. Whenever you get a sharp reversal, then a shallow pullback, the risk builds for a continuation move. 
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