EUR/GBP’s D1 chart price has moved higher after breaking out of the falling wedge, but the current rally in which the downtrend has been broken has come to an end. However, it is still in an upward trend. The price has risen by more than 4,000 points from the previous low point. Judging from the strength of the current price increase, the price is still expected to rise by more than 1,000 points. Can pay attention to do more.
The price of the H1 chart is expected to continue to rise as it is supported by the support level below. At present, according to the RSI indicator, although the price is already in the overbought stage, the rally is still strong. If you are an investor who is looking for stability, you can wait for the price to correct before entering the market.
Go long in the low post
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.