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Eur/Gbp seems to be ready to break above 0.8 again,
technically this is supported by signs on the weekly and on the daily chart
On the weekly chart we find that the 88.2% fibonacci retracement has acted as support
and the pair seems to have put in a low there,
this also provides us with a weekly trendline
Eur/Gbp weekly chart
On the daily chart we find a supportline/trendline as well as a daily bullish channel
in which the pair is currently situated,
we also can see an inverted Head and Shoulder…
technically this is supported by signs on the weekly and on the daily chart
On the weekly chart we find that the 88.2% fibonacci retracement has acted as support
and the pair seems to have put in a low there,
this also provides us with a weekly trendline
Eur/Gbp weekly chart
On the daily chart we find a supportline/trendline as well as a daily bullish channel
in which the pair is currently situated,
we also can see an inverted Head and Shoulder…