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EUR/GBP: Bullish Morning Star

Published 11/08/2014, 07:39
EUR/GBP
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Although net gains for EURGBP last week were modest, the relevance of the Bullish Morning Star pattern was confirmed. Last week's early setback found fresh buying interest below the key 13 day moving average and although the move was dominated by Friday’s upside, the 13 day line is platforming demand and with the daily Keltner channel now positive there is potential for the upside to extend in the coming days more significantly. Through .8011 gives scope to at least .8050.


Bullish Morning Star

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