Market Outlook and Analysis (Nov2019 Week5)

Currency Pair: EURGBP

EURGBP D1 Chart: Bullish Divergence on the Daily Chart

The Daily Chart is showing a Bullish Divergence on the RSI. However, I believe that there could be one more test of the lows before the big rally kicks in.

 EURGBP H4 Chart: Resistance Trend Lines

The pair broke below the Triangle and it now has 2 Resistance TL to prevent it from heading higher. Will continue to monitor what the charts show us when the trading week starts.


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