FX Trading Idea – EUR/GBP

Price broke above the sideways trading channel and could be heading higher to 0.8920.

MACD has been showing bullish divergence twice before today’s breakout. MACD has been warning of potential low for some time now. Stochastic has also had a bullish divergence warning. 20EMA is turning up now and all these are supporting a price push towards Fibonacci 161.8% or 200%.

Buy 0.8860 for a price rally to 0.8920 with a stop below 0.8830.

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