Post-Fundamental Move On EURGBP
Just a couple of key price action levels I'm watching here.
1. This is likely a news driven move.
2. This is the first indication of price exhaustion. Price fails to push to new highs.
3. By this point, we establish a neckline. Price tried to trade above it and failed to sustain.
4. This is another attempt to trade above the neckline. Price also didn't sustain given the bearish bar that followed. From here, I am expecting downside momentum to pick up.
1. This is likely a news driven move.
2. This is the first indication of price exhaustion. Price fails to push to new highs.
3. By this point, we establish a neckline. Price tried to trade above it and failed to sustain.
4. This is another attempt to trade above the neckline. Price also didn't sustain given the bearish bar that followed. From here, I am expecting downside momentum to pick up.
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