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EUR/GBP Bullish Continuation Towards 0.8910 Zone

Nenad Kerkez
Updated

Dear Traders,

The EUR/GBP continues with uptrend as the price trying to push above 0.8873 level .–>

The EUR/GBP needs to break the 0.8873 level to validate the spike from 0.88555-65 POC zone. Bullish continuation move should target 0.8885 and 0.8910. We can spot many trend confluence entries (blue arrows) with re entry dots (green dots). This further signifies the bullish trend on the pair. As W H4 has been broken the price should follow it to W H5 but since the ATR(5) is 43 pips, 0.8910 as the target seems more realistic.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire

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