EURGBP massive spike up towards weekly trendline
After the bullish over-extended run, the pair has finally met the daily trendline. The divergency on the RSI suggests that the pair will drop and retrace towards the 61.8 Fibonacci level.
However, I will personally go short once the price has fallen below 0.88700 and not earlier, as I see a little S/R level on the 1h chart on that area. Breakout of this region also means breakout on the 4h trendline formed recently.
However, I will personally go short once the price has fallen below 0.88700 and not earlier, as I see a little S/R level on the 1h chart on that area. Breakout of this region also means breakout on the 4h trendline formed recently.
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