The EURGBP Is Not Out Of Steam Yet

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The EURGBP has been trending up within the confines of its bullish channel for a while and some now believe the pair is running short of momentum. While it is true that a number of attempts to break the February high have been met with failure, I believe there is still some upwards mobility to capitalise on. Firstly, the EURGBP has formed a well-defined bullish channel which now bringsthe pair towards the2014 Decemberhigh of 0.7844. This would explain why the last few runs at a new high have

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