EURGBP Takes a Bullish Leap

EURGBP – H3 Timeframe

EURGBP recently printed a ‘break-of-structure, break-of-trendline’ pattern on the 3-hour timeframe. The break of structure was very impulsive, and as a result, price is expected to retrace back into the ‘fair-value-gap’ to close it up. Key points again;

• The break of structure;

• Break above the trendline resistance;

• Drop-base-rally demand zone;

• 88% of the Fibonacci retracement.

Analyst’s Expectations:

Direction: Bullish

Target: 0.84361

Invalidation: 0.83061