• Vasily Trader

EURGBP: Important Structure Breakout (Structure Analysis)

🔻EURGBP is currently trading below a major horizontal weekly/daily level.

0.886-0.889 structure was perfectly respected multiple times since spring 2020 and strong bullish impulses legs followed from that.

Being broken to the downside recently, that structure turned into a major structure resistance .

Now we have a bearish bias on a pair, and in a long run, we expect a move to the downside.

The next major support is 0.87