The EUR/GBP currency pair is showing bullish potential. This is driven by the fact that price is currently in an oversold zone, indicating that selling pressure is fading and a reversal may be in play.
Additionally, the price is hovering near a swing low, and a double bottom pattern has formed — both of which support the possibility of upward movement in the near term. As long as bearish momentum doesn’t return aggressively, the bullish scenario remains valid.
Recommendation:
- Buy EUR/GBP
- Entry: 0.86140
- Take Profit 1: 0.86340
- Take Profit 2: 0.86540
- Stop Loss: 0.85740
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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