Euro / British PoundShort
Overall view of EURGBP - Update of July 15th's week
Updated
The EURGBP pair has formed a regular upward channel which brought prices to the current yearly high. At every spike, there is a noticeable bearish pressure. The security is now consolidating and subjected to a selling pullback testing the active demand level. The bullish channel broaden by the slight decrease in volume displays increasing odds of a bearish trend debut.
Possible Targets: @0.89200 (+30 pips) or @90100 (+20 pips) in case of a bullish resumption.
Advice: Stay bearish and sell at any high level while we don't break upside @0.89800 level implying a bullish resumption.
Possible Targets: @0.89200 (+30 pips) or @90100 (+20 pips) in case of a bullish resumption.
Advice: Stay bearish and sell at any high level while we don't break upside @0.89800 level implying a bullish resumption.
Note
The demand level could not be broke downside. After reaching @0.89800, the trend is heading @90100.Trade closed: target reached
Upside target reached
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