EURGBP has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 0.8604 within the next 13 hours.
After testing 0.8622 numerous times, EURGBP has finally broken through. Can we expect a bearish trend to follow?
