Potential Short Position on EUR/GBP
Price is overall moving in an ascending channel, however, price has broken downwards of the 200EMA with strong bearish momentum. It appears that the price will continue to weaken as the EURO is also weakening to the Dollar currently (see attached chart). As this trade is against the general trend, looking for extra confirmation alongside the bearish momentum such as a retest of the area of resistance should be seeked before entering this short.
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