EURGBP is currently trading near the support of the upward sloping trend line indicating support at lower levels; the pair has ended in a small bullish candlestick formation on 24th May supporting the above observation and indicating further upside potential for the currency pair. It is likely that EURGBP could rise towards 0.8670 and 0.8700 while it sustains above 0.8575.
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.