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EURGBP - H4

At monthly time you see that the price is in a channel that is now at the bottom of the channel and the bottom of the channel is a good opportunity to buy. On a weekly basis, you see that the price has hit the structure and we expect it to react to this structure, and as you can see, the structure intersects with the number 61.8 Fibonacci. Well, so far the signals we have are that the market wants to start a positive trend. In daily time, we have a structure that prevents the price from passing, and we also expect a positive price movement in four hours if this structure is broken. This is an analysis and not a buy or sell signal.



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