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After testing resistance twice in the past, EURGBP has finally broken through. Can we expect a bullish trend to follow?

EURGBP moved through the resistance line of a Triangle at 0.8337007407407407 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 0.8360.

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We expect a $508 movement on USDCHF within 12 hours following the event release at 2024-10-25 08:00.

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