Head and shoulders pattern on EUR/GBP
EURGBPIt looks like the rate may currently be working on a large head and shoulders pattern. We'll have to wait and see, how it reacts with the neckline at 0.8300, and even if it can get there as we have couple of important rising trendlines in the way. If we see a break below the dotted one, below 0.8460 I’d say we have a pretty good chance we'll see the test of the neckline in the coming weeks.
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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.