Seems that so far bulls are stronger than bears, since today price broke resistance at 0.7363 = MM3 again.

eurgbp-d

If price will retest that level again, we could look for long entry there, option (1). If bears will step on the market again, then price could fall back bellow that support and then we should wait for a pullback to 0.7363 and then look for short signal.
Looking major GBP pair, GBPUSD, this pair is very weak right now, so we could still see some up move on EURGBP in future days.
There is no major red news in EU and UK in future 24 hours.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.