EURGBP will go down again
From April to August, there was a smooth uptrend on EURGBP, but the trend suddenly turned at the end of August and since then the market is in a downtrend. At the moment EURGBP is giving a sell signal to join that trend. Europound reached the resistance 0.8918 and Fibonacci 50%. What to expect now? Well, the uptrend in the last days was very strong, but it should fall at least a little. If EURGBP won´t make a move downwards now, it should on Fibonacci 61.8%. For the next few days or weeks, we are bearish about EURGBP.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.