EURGBP confirms a breakout from falling channel pattern

3 בספט׳ 2019

The EURGBP pair takes a breakout from the falling channel pattern that was forming since nearly past one month. The price hit the lower trend line of the pattern thrice while the upper trend line was tested multiple times. Recently, the bulls intensified and breached the upper trend line, thus indicating for a strong bullish move. The tradrs can set the first target at 0.9162 and the second target at 0.9188.
Stop Loss- 0.8983 (middle area of the channel)