Let's analyze the currency pair EUR/GBP, based on technical analysis. We will focus on the levels of weekly pivot support and resistance, the basement indicator, and the indicator forming the 1-2-3 pattern. Let's concentrate all attention on the chart. The Vertex indicator today, during the European trading session, signaled that the currency pair was oversold, after which there was a sharp increase in quotes. Such a signal from the indicator can be considered confirming, especially with divergence, which strengthens it. The moving averages with periods of 200 and 50 show a stable upward trend, which supports signals from other indicators. Buyers managed to form the 1-2-3 pattern, indicating their desire to continue pushing quotes upwards. Buyers also confirmed the 1-2-3 pattern by breaking the 0.86618 mark, showing their strength. In this situation, I will wait for a price pullback to the weekly pivot expansion support level at 0.86454, where I can open a long position.
