Bearish Bias Building Up on EURGBP
The price action of the EURGBP started developing a new downtrend following a recent breakdown below the Wedge pattern.
Currently, it is consolidating around the 38.2 per cent Fibonacci retracement level. Once this temporary break in the trend is over, the price action would likely head towards the 23.6 per cent Fibonacci retracement level.
Currently, it is consolidating around the 38.2 per cent Fibonacci retracement level. Once this temporary break in the trend is over, the price action would likely head towards the 23.6 per cent Fibonacci retracement level.
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