EURGBP Analysis 13.11.2019

The support level of 85570 held back sellers. A descending truncated structure formed. Bullish divergence has formed on Awesome Oscillator and Stochastic Oscillator indicator is in oversold zone.

Trading recommendations:

Buy a pair strictly while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss below the support level 0.8557.

Target levels - 0.8647; 0.8720; 0.8800.