EURGBP standing at a higher low level of the Ascending Channel

EURGBP Ascending Channel Analysis

EURGBP is moving in an Ascending channel by forming higher highs, higher lows in the daily time frame chart.

Now, EURGBP has reached the bottom level of the Ascending Channel.

Let’s wait for the confirmation of breakout or reversal.

brexit forex trading signal

The Brexit talks between the UK and EU are still going on and may close within this month as hopes.

This news is positive for the UK pound. But imposing new lockdowns hurts the UK Economy.

This may result in a double-dip recession in the UK as the second wave hits.

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FOREX GDP