EUR/GBP- Breaking out of its ascending triangle pattern
The EUR/GBP pair has broken out of ascending triangle pattern on a 60 minute time frame. The projection of this triangle could easily push the price well above the minor resistance zone mentioned below. The price is also trading above the upward trend line and this confirms that the trend is skewed towards the upside. In terms of volatility, it is low as it is trading within the Bollinger band and close enough to its 20 day moving average.
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