At the moment the EUR/GBP favours a slight bearish basis. This is based on its prolonged period of sideward movement and the price heading towards the previous higher high from the last sideward movement (box3).
Since mid February the EUR/GBP has had clear support and resistance channels that have been respected. If one of these lines break then expect a bullish or bearish trend. Own research required.
Enjoy.
Since mid February the EUR/GBP has had clear support and resistance channels that have been respected. If one of these lines break then expect a bullish or bearish trend. Own research required.
Enjoy.