This is our trend analysis of the EUR/GBP. This currency pair is trending higher on the larger time frames, like the W1 time frame shown below. The current resistance point is at 0.7570. Traders should set an audible price alert here. When the alert hits check The Forex Heatmap® to verify any buy trades. The current upside potential looks to be the 0.7900 resistance area, which is 230 pips of potential. Using the higher time frames breakouts will always give you trades with much higher pip potential and money management ratio.
The EUR/GBP trend analysis was done using multiple time frame analysis of trends by individual currency, which is the most thorough method of currency pair analysis available to forex traders. The indicators we use are 5/12 exponential moving averages.
EUR/GBP Trend Analysis