EURGBP: Consolidation & Complete Indecision 🇪🇺🇬🇧

25 בנוב׳ 2021

Hey traders,

For the last 7 trading days EURGBP remains very indecisive.
The pair formed an inside bar formation on a daily and trades within the range of the so called "mother's bar".

On intraday time frames we see a horizontal trading range.
While the price stays within, the future direction of the pair is unknown.

To catch the next move wait for a breakout of one of the range's boundaries.

In case of its support breakout, I will expect a bearish continuation to 0.8325 level.
In case of a bullish breakout of its resistance, a bullish move will be expected at least to 0.8475.

Wait for the breakout & then follow the market.

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