EURGBP LONG
📈 EURGBP BUY 📈
💰Take Profit 1 - 0.8753
💰Take Profit 2 - 0.8803
💰Take Profit 3 - 0.8853
❌ Stop loss - 0.8573
Rationale:
EURGBP is in a bullish trend and is trading near the top of its range.
The pair is also forming a bullish ascending triangle pattern.
The fundamental outlook for the euro is positive, with the ECB expected to raise interest rates more quickly than the BoE.
Risks:
The global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in EURGBP.
The BoE is also expected to raise interest rates, which could put upward pressure on the pound.
💰Take Profit 1 - 0.8753
💰Take Profit 2 - 0.8803
💰Take Profit 3 - 0.8853
❌ Stop loss - 0.8573
Rationale:
EURGBP is in a bullish trend and is trading near the top of its range.
The pair is also forming a bullish ascending triangle pattern.
The fundamental outlook for the euro is positive, with the ECB expected to raise interest rates more quickly than the BoE.
Risks:
The global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in EURGBP.
The BoE is also expected to raise interest rates, which could put upward pressure on the pound.
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