Wednesday, May 15, 2024

EUR/GBP reached the Top Price Zone 0.92 after 2 years
1 mins well spent

EUR/GBP Analysis : 

EUR/GBP has broken the downtrend line and it reaches the top price zone 0.92 after 2 years.

Due to Uncertainty happening at the British government, The Great Britain Pound (GBP) loses it’s value more.

All GBP pairs seen a huge loss from Brexit to till now.

As a forex trader, We have chance to make money at both good and bad times (Up and down movements).

Now, EUR/GBP may break the top zone soon (or) it will make some retracement from this level.

Let’s wait for the confirmation of breakout or Reversal before entering into the long term trade on EUR/GBP.

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It is better to do nothing, instead of taking wrong trades.

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