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25.02.202002:32 Forex Analysis & Reviews: EUR/GBP will try to test 0.8415

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Exchange Rates 25.02.2020 analysis

At the 4 hour chart, we can see that the EUR/GBP pair broke out and closed above the level of 0.8350. EUR/GBP is forming a market maker buy model now. It is flirting with the level of 0.8415. If the pair overcomes this level, there is a possibility that EUR/GBP will reach 0.8503. Nevertheless, in case this pair retraces to 0.8341, the bullish scenario will be doomed to failure.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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