EURGBP – ST Corrective Structure After Bullish Move. Time To Buy? | May 28

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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.

eurgbp-forex-pair-trade-setup-2ndskiesforex

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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