EURGBP - Buying a dip inside the wedge
EURGBPEURGBPEURGBPEURGBPTODAY ONLY
EURGBP - Intraday - We look to Buy at 0.8955 (stop at 0.8925)
Price action has formed an expanding wedge formation. The trend of higher highs is located at 0.9092. The trend of higher lows is located at 0.8939. Dips continue to attract buyers. Our medium term bias is bearish below 0.8939 towards 0.8825. There is no clear indication that the upward move is coming to an end.
Our profit targets will be 0.9080 and 0.9100
Resistance: 0.9020 / 0.9092 / 0.9100
Support: 0.8955 / 0.8939 / 0.8825
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