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Currency analyst

EUR/GBP will keep rising

There's an uptrend on the daily EUR/GBP chart. ADX>25 and rising, +DMI>-DMI, EMA9>EMA26. Decline of MACD points at correction. The main recommendation in the current situation is to buy the euro versus the British pound on the break of resistamce.

 

EUR/GBP formed 1-2-3 pattern on H1. Resistance is close to point 3 at 0.8607. The break above this level will be a singal to enter long position. As confirmation use the return of Stochastics to 20-80 channel.

Recommendation: BUY 0,8607, SL 0,8507, TP1 0,8807. 

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