Analysis by: ForexRoyals
Currency: EUR/GBP
Trend Expected Direction: Up.
Method: Resistance and Support levels , Pivot points.
Description: Classic uptrend channel was created today and the pivot point is under the market price at the moment. We expect more uptrend movement to the next resistance point which will hit 0.8435.
Action: Best action is to buy above the Pivot point.
Target Area: First target 0.8435, second target 0.8450.
Stop Loss: Below the Pivot point at 0.8350.
