Quick idea.
GBP is best performing currency today, so far. But the second one in line is EUR, hence why we are not seeing a major acceleration to the upside. For now, it looks like the pair could drift further up, while balancing above its short-term upside support line. But we are not excluding a scenario of seeing a small correction first before another leg of buying.
Please see the chart for details.
Don't forget your stop-loss.
GBP is best performing currency today, so far. But the second one in line is EUR, hence why we are not seeing a major acceleration to the upside. For now, it looks like the pair could drift further up, while balancing above its short-term upside support line. But we are not excluding a scenario of seeing a small correction first before another leg of buying.
Please see the chart for details.
Don't forget your stop-loss.
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