Possible Scenerios for EURGBP
Possible 2 Scenarios:
1. If the price of EURGBP comes out of the Rising Channel ( Bullish Trend ) and Retests the Key Resistance Level, then we can initiate a Short Position as there is also a signal of Bearish divergence according to RSI. Our target Level could be there indicated on the chart.
2. If price remains inside the channel and shows a breakout of the Key Resistance Zone, then we can initiate a Long Position.
Best of Luck
1. If the price of EURGBP comes out of the Rising Channel ( Bullish Trend ) and Retests the Key Resistance Level, then we can initiate a Short Position as there is also a signal of Bearish divergence according to RSI. Our target Level could be there indicated on the chart.
2. If price remains inside the channel and shows a breakout of the Key Resistance Zone, then we can initiate a Long Position.
Best of Luck
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