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Euro / British Pound

EURGBP Bearish Flag

By NavFx
EURGBP is currently in a clean bearish flag that has great potential if it plays out in a couple different ways. If we see a nice breakout on this flag in an impulsive way, we could look for potential Long positions. However, if we see corrective price structure near the top of its trend-line we could look for Short positions to the down side to stay in this flag. Regardless of what happens, this pair seems to have some good potential entries.
Chart PatternspriceactionpriceactionanalysispriceactionsignalspriceactionstrategypriceactiontradingTrend Analysis
NavFx

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