EURGBP Breakout?

2 באוג׳ 2018

The price seems to have managed to breakout the channel, it looks as if the price has rejected this previously broken resistance level and the level is now acting as a support. It seems like the price lost momentum and may test this new support level once again, if the price bounces then we could see highs of up to 0.92. If the price fails to bounce it is very likely the price would move back into the channel and trend slightly bearish. As the price approaches the new support level the RSI is moving closer to being oversold, this is a good sign that this pair may rise in price over the coming days. Sorry for the lack of ideas lately, I have been very busy with other life commitments.