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EUR/GBP technical analysis and forecast

EUR/GBP has broken the bearish trendline as per daily chart below and has been booking gains and consolidating since then. However , I don't recommend going long at the current area , I would like to wait for a test of thew rising trendline and the might be the crossing of both trendlines and go long at that area .


However , If we see a break of the Rising trendline , We will have all the way down to 0.8080 area before resumption of further move upwards. The pair might test the trendline around the area of 0.8540 , Keep an eye on that area and behavior of the pair for indication of future movement.

Make sure to follow me on twitter @b4borio and feel free to contact me anytime.
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