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EUR/GBP Forming Ascending Triangle – Bullish Breakout Potential
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EUR/GBP on the daily timeframe is showing strong bullish structure. After breaking out of the descending channel, price has respected the upward trendline and is now consolidating inside an ascending triangle pattern.Support zone holding around 0.8600 – 0.8620
Upward trendline acting as dynamic support
A breakout above the triangle resistance could open the way toward 0.8750 – 0.8800
If support fails, price may retest the lower zone before continuing higher
This setup suggests bullish continuation if the ascending triangle confirms with breakout and volume.Always apply proper risk management. This analysis is for educational purposes only, not financial advice.
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EUR/GBP on the daily timeframe is showing strong bullish structure. After breaking out of the descending channel, price has respected the upward trendline and is now consolidating inside an ascending triangle pattern.
Support zone holding around 0.8600 – 0.8620
Upward trendline acting as dynamic support
A breakout above the triangle resistance could open the way toward 0.8750 – 0.8800
If support fails, price may retest the lower zone before continuing higher
This setup suggests bullish continuation if the ascending triangle confirms with breakout and volume.Always apply proper risk management. This analysis is for educational purposes only, not financial advice.
@kevin1 Is the trade active yet?
