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EURGBP 21 Aug 2023

EURGBP 21 Aug 2023 on the Daily timeframe. The pair went bearish at the end of last week dropping from 0.86587 to reach 0.85247. However, the pair managed to bounce back after touching the support line. Referring to the stochastic indicator, it appears that it has been oversold which allows the bullishness to continue. If that does happen, then go-long could be an option for traders. On the other hand, if the pair is unable to continue bullish due to factors affecting the market then go-short is an option. Pay attention to the market and trade with your own risk.

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