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EURGBP – ST Corrective Structure After Bullish Move. Time To Buy? | May 28
Chris Capre’s live open price action and ichimoku trades: EURUSD, GBPUSD, AUDJPY, EURJPY, EURCZK, EU50
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EURGBP – ST Corrective Structure After Bullish Run (1hr chart)
Price Action Context
After an impressive bullish run with the GBP falling heavy impacted by Brexit uncertainties and PM May resigning, the EURGBP cross forex pair has gained heavily adding over 225 pips since the last two weeks.
Trending Analysis
ST we remain bullish while the ST corrective structure is in play and are looking to trade with trend.
Support & Resistance Levels
R: 8850, 8915
S: 8780, 8700
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