EURGBP has been ranging for couple of months now if we are to look from the weekly time frame
תמונת-בזק
From the daily time frame, we can see that price has broken the daily downward trend line - suggesting that price is currently in an uptrend. However, price is hovering within a daily supply zone (although not fresh), there's a possible chance that price might retrace from this zone to about 38% retracement level before moving up again.
תמונת-בזק
I will monitor closely the daily demand zone that is the same level as fibo retracement level; and will only enter upon confirmation on the lower TF.

All the best (finger cross)
Renee H
Chart PatternsTrend Analysis

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