EURGBP was taking the support ever since it has formed bottom, as you can see in chart. Once EURGBP reaches the top (refer chart), it reversed downside and it has broken its support as well. Now the pair is trading in a pattern as you can see in chart. One can trade for downside once it breaks the pattern, from a long term perspective. For a shorter term, one can trade with the line as stoploss for long side and short side trade respectively
Like/Comment/Follow Us For More Idea.
I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.