Hello everyone. The pair EURGBP is not showing anything new in the last few days and is running in a narrow range, as it often does. It is one of the flattest pairs, probably one of the most popular among majors as well. This may attract some traders precisely because about 80% of the time we are in a flat here, if not more on average. There are no signals of a trend breakout. The trading is strictly around the MA, which is a clear indicator of the flat, and it is clearly visible to everyone. As long as the range does not change, those who want to trade here will have to work within it. I personally have no desire to do so, as the range is quite narrow, and there is not much to do in such a market, just conducting analysis out of interest. However, traders who are willing to take an extra 10-15 points in channels may consider trying. Currently, selling from the upper boundaries around 0.8675 seems more appropriate. In this case, the maximum profit one can expect is around 0.8655.
