Trade of the Day: EUR/GBP

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ChartViper Trade of the Day

EUR/GBP continues to rise toward the 4-hour key resistance level 0.8963, which was recently identified by Autochartist. Autochartist rates the quality of this resistance level at the 3-bar level – which is the result of the three earlier reversals from this price level. AUD/USD is expected to rise further toward the resistance level 0.8963.

As can be seen below – EUR/GBP also previously broke the 4-hour Triangle chart pattern that was identified by Autochartist, with the forecast price set at 0.8669. Two aligned different-type chart patterns increase the probability EUR/GBP will continue to rise in the nearest time.

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