Emerging Flag pattern in its final wave was identified on the EURGBP Daily chart. After a strong bullish run, we find EURGBP heading towards the upper triangle line with a possible resistance at 0.8716. If the resistance shows to hold, the Flag pattern suggests a rebound back towards current levels.
After testing the resistance line numerous times, EURGBP is once again approaching this line. Can we expect a bullish trend to follow?
