Good morning, traders! Today we show you our vision on the Daily chart of EUR/GBP.
🔸The price generated a strong bounce (double bottom pattern) at the previous support.
🔸At this moment, it is in the first level of supply to consider, which is the downtrend line.
🔸For a bullish continuation, we need to see a break to the upside.
🔸If this happens, we will look for a correction/retracement before confirming the bullish continuation.
🔸Given the whole scenario correctly, we must be careful with the Resistance zone at 0.8700.
🔸The final bullish target is the trend line.
🔸The price generated a strong bounce (double bottom pattern) at the previous support.
🔸At this moment, it is in the first level of supply to consider, which is the downtrend line.
🔸For a bullish continuation, we need to see a break to the upside.
🔸If this happens, we will look for a correction/retracement before confirming the bullish continuation.
🔸Given the whole scenario correctly, we must be careful with the Resistance zone at 0.8700.
🔸The final bullish target is the trend line.