Classic Market Squeeze: EURGBP Cross

Latest Market action: Price adjustment aligned with market behavior
The behavior of price action provides an insight to what happens during trading sessions. Part of the analysis on the EURGBP cross in our video support; the tight trading range for this pair reflects a dominating struggle between bull & bear players.

Where price pullbacks for the EURGBP from their Highs at (0.8550 1st high - 0.8540 2nd high) and Lows at (0.8467 1st low - 0.8474 2nd low) were made between the earlier European trading session and the American late trading session towards the close of the previous day. Currently, prices have recovered from this market squeeze where the obvious whip-saw on prices have come from major players in the market. The daily average trading range of 100 pips+/- between pivotal price set-up @0.8505/10 have made swing trades to move in both directions.

However, a tightening price action breakout would soon materialize before the end of the trading week with the University of Michigan confidence report could be the catalyst to provide the final push for the USD.
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