The current outlook for EURGBP suggests that the price is likely to rise. This bullish potential is supported by the formation of a double bottom chart pattern, which serves as a strong technical signal for reversal to the upside. Moreover, a breakout strategy provides additional confirmation that the pair may continue its bullish momentum toward the target price.
Trading Recommendation:
- Buy EURGBP
- Entry: 0.86724
- Take Profit: 0.86905
- Stoploss: 0.86595
*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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