At the 4 hour chart, we can see that the EUR/GBP pair broke out and closed above the level of 0.8350. EUR/GBP is forming a market maker buy model now. It is flirting with the level of 0.8415. If the pair overcomes this level, there is a possibility that EUR/GBP will reach 0.8503. Nevertheless, in case this pair retraces to 0.8341, the bullish scenario will be doomed to failure.
(Disclaimer)
