• Vasily Trader

EURGBP: Catching Bullish Swing (forecast)

🟢EURGBP has broken and closed above a resistance line of a major falling channel on a daily.

The area between the last lower high and a broken channel's resistance now serves as the major demand zone .

Yesterday the price has retested that and we saw a positive bullish reaction.

From that area, a strong bullish wave will be expected.

The next goal for buyers is 0.9128

For intraday traders, the best option is to look for an entry on a lower time frame (4h/1h)