EURGBP Shoulder-Head-Shoulder Bottom

11 gen 2016

On weekly chart we can see that a shoulder-head-shoulder bottom has completed and its neckline has been broken, as well as the downside trendline. It is very likely that price will continue going up and test horizontal resistance around 0.7760 in few weeks. It is a good opportunity for us to look for long setups on lower time frame if price could stands above 0.7480 support.