EUR/GBP: 'Pennant' led to bullish rally

2019-05-23 20:00    FBS

The market has been rising since the last 'Pennant' pattern formed. Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885. The subsequent pullback from this area could be a starting point for a downward correction, so we should keep an eye on the closest support at 0.8838 - 0.8811 as an intraday target.

EUR/GBP: 'Pennant' led to bullish rally Institution Opinions

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