FX.co ★ dare.jammie | EUR/GBP

Hello traders, Analyzing the chart on the H1 timeframe, it is evident that there is a bullish trend in the EURGBP currency pair, as indicated by the Moving Average trend indicator with a period of 120, since the indicator line is below the price. Another indicator, ZigZag, also shows an ascending structure, with higher lows and highs visible on the chart. The strength of buyers is further confirmed by the closing of the H1 candle above the moving average at the level of 0.8650. Today, I anticipate a day for buying rather than selling. For buying, I consider entry from the level of 0.8650, with the first target at the resistance level of 0.8690 and the second target around 0.8730. Stop losses for trades are set around 0.8620. As for selling, it can be considered upon the pair breaking and consolidating below the price level of 0.8590. Take profit for sales is set at 0.8550, while the stop loss is hidden at the level of 0.8620.

Descending to the lower timeframe of M15 to confirm the buy signal.