EURGBP analysis 23.10.2020
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The descending construction is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
EURGBP rate online: motor the price movement in real time.
Trading idea:
Buy an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss at the local minimum (0.9068).
Target levels: 0.9215; 0.9290.
