EURGBP Chart Technical Outlook at a critical level to keep the bulls alive
The cross has only posted one positive day, and that was an inside Harami candle, in the last five trading days, since posting a swing high of 0.8658 on Wednesday the 28th of June.
With the cross being close to the previous swing low of 0.8518, it is a critical point for EUR/GBP bulls.
If they can hold onto the low there is scope for an aggressive move higher towards the confluence zone at 0.8833-43.
Although these setups are extremely high-risk, they also offer high rewards. The R factor from current levels is 11.