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EUR/GBP: bullish targets

EUR/GBP: bullish targets

Information is not investment advice

EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the less, the uptrend will look intact as long as the pair’s staying within an uptrend. An advance above 0.9070 will bring it to 0.9100 (50% Fibo) and the next important level will be at 0.9175.

Trade ideas for EUR/GBP

BUY 0.9075; TP1 0.9100; TP2 0.9070; SL 0.9060

BUY 0.9000; TP 0.9100; SL 0.8980

EURGBPH4.png

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