EUR/GBP: 1-hour
Trend traders, huddle up! EUR/GBP may be in for a strong bounce soon, as the pair is currently testing the rising trend line on its 1-hour forex chart. If this holds as support. price could head back to the previous highs near the .7400 major psychological resistance or perhaps make new ones. The bullish divergence, created by price forming higher lows and stochastic drawing lower lows, confirms that buyers are getting ready to push this pair higher. However, if sellers stay in control, EUR/GBP might break below the trend line and the .7300 handle. Better set those stops right if you’re trading this one!
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