EURGBP: Upcoming Sell opportunity on a symmetrical pattern.
EURGBP is on a strong medium term rebound on 1D (RSI = 58.292, Highs/Lows = 0.0073) after the rebound on the 0.87900 Support. Based however on the pressure points provided by the symmetrical pattern emerging (same rejection on the 1M Resistance as on August 2017, MA50 reversing, MA200 supporting), the price may be rejected once it makes contact with the 1D MA50 back towards the 0.87900 Support.
This can create a long term High Volatility Zone (green shape) that will keep the pair sideways until the next strong break out. For now, the most optimal medium term call on this pair is a sell.
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This can create a long term High Volatility Zone (green shape) that will keep the pair sideways until the next strong break out. For now, the most optimal medium term call on this pair is a sell.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial