Market Outlook and Analysis (Nov2019 Week4)

Currency Pair: EURGBP

Technical Analysis – EURGBP

EURGBP D1 Chart: Bullish ABCD Pattern completing at Support (nothing much change)

The Daily Chart is showing an ABCD Pattern completion at a Support Zone around the 0.8470/0.8500 levels. The pair has finally gone below the Triangle, giving an indication it will head towards the Buy Zone (approximately 80pips away)

 EURGBP H4 Chart: Sell on Rallies

Broke below the Triangle to continue going lower. Chart showing that we should be looking for shorting opportunities. Shorting on any rally.


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