DeGRAM | EURGBP rebound from 62% retracement level
Updated
EURGBP is in a descending channel above the descending wedge formed by the trend lines.
The price is moving from the lower trend line and the lower boundary of the channel.
The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level.
We expect the rebound to continue.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price is moving from the lower trend line and the lower boundary of the channel.
The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level.
We expect the rebound to continue.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
Closed +52 PIPS
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