EURGBP LONG

20 באפר׳ 2020

Price has been consolidating below the 50 & 200DMA for a week now. In this consolidation period, a double bottom has formed on the 1hr chart. Price action is expected to test the Previous high of 0.8833 before a move to the downside may occur. This level is also where the 20 DMA is at the moment and the 200MA on the 4hr chart wil likely Meet with Price movement for a move to the downside.